Bundaberg a buyers' market: HTW

Bundaberg’s residential market for both houses and units has remained flat with a slight reduction in values over the past 12 months with overall confidence being subdued, according to HTW’s February 2017 update.

The valuation firm says sales data indicates a contraction in the number of sales making it a buyer’s market at present. The rental vacancy rate has reduced from 6.3% to 4.5%.

“The Bundaberg economy has had a $10 million injection with the Bundaberg Sports and Community Centre and the Rubyanna Wastewater Treatment Plant being built,” the firm says.

“The Knauf Plasterboard manufacturing plant at the port is still under construction.

“As these developments progress, confidence in the market should lift throughout 2017.

“This year with confidence improving, we believe that we are in for some positive movements.”

A three bedroom house at 2 Wyper Street, Bundaberg (above) has been listed for sale for $249,000.