Bundaberg's quarterly median house price rises by 14 percent: REIQ

Bundaberg has had an "extraordinary" quarter, with the quarterly median house price growing by 14.1 percent to $291,000, according to REIQ's latest report.

This brings the market back to almost where it was five years ago.

In 2011 the annual median house price in Bundaberg was $278,000, which is just 1.1 percent higher than the annual median house price today of $275,000.

The unit market has been somewhat volatile over the past 12 months and by December 2016 the quarterly median unit price, off just 28 sales, was $235,000 which is a market contraction of 6 percent.

Looking to the medium term data, Bundaberg unit prices in 2011 were 6.7 percent higher than in 2016.

A three bedroom house at 2 Kolan Street, Bundaberg North (above) has been listed for above $250,000.

Similarly a five bedroom house at 12 Griffith Street, Bundaberg South (below) has been listed for $260,000.