Build a home of your choice for $500,000 in Queensland’s Bundaberg: HTW

In Queensland’s Bundaberg region you could buy land in a new estate and build the home of your choice within reach of the ‘lazy half million’ dollars, say valuation firm Herron Todd White in their July 2016 residential market report which analyses the property sector in the sub $500,000 range.

One can build a four-bedroom, two-bathroom home with a two-car built in garage at that price, the report claims. 

“Or if you prefer some more extras you could buy a three-to-four year old established home with a pool and a shed. Prices are steady and have been for the past few years,” say HTW. 

There have been a couple of sales of triplex properties or four at buildings that have been in the $500,000 to $600,000 range with returns around 6% to 7% for a mid 1990s brick complex. 

“If units are your thing, you could buy two two-bedroom units approximately 10 years old.” 

In short, the Bundaberg region is still a great place to live with great affordability for housing. 

Property Observer found a three-bedroom house at 1 McIlwraith Street Bundaberg Central Qld 4670 that recently sold for $155,000.