REVEALED: Where house prices are rising in Bundy
BUNDABERG'S suburbs experiencing the highest growth of annual median house prices have been revealed.
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BUNDABERG'S suburbs experiencing the highest growth of annual median house prices have been revealed.
The latest realestate.com.au data showed Sharon, Innes Park, Bundaberg West and Bundaberg North were all making forward moves in the market.
Sharon's median house price has seen a 4.6 per cent lift over the past five years since 2013, the time of the last flood in Bundy.
In November the suburb's median price for a home sat at $370,000.
REIQ zone chair Le-Anne Allan said the suburbs that had seen the highest growth were suburbs returning to stability after the floods.
"Property prices would have taken a dramatic dive but they now seem to be getting back on track and are probably expected to level out," Ms Allan said.
"It's (suburb stabilising) bringing everything back to the fact Bundaberg is a sound place to invest in properties."
Innes Park, after a five-year growth of 4.3 per cent, has arrived at a median house price of $437,000.
The suburb has seen new estates developed in the area, which Ms Allan said was a main reason for the growth.
"There are some very nice homes that have been built there, and some oceanfront homes," she said.
"The newer homes are selling over the older ones."
With competition returning to Bundaberg West, the median house price has risen 2.4 per cent to $270,000 in five years.
Elliott Heads, Bucca and Bargara also saw some upward movement to median house prices.
In five years Elliott Heads' median house price rose by 1.2 per cent to $313,000.
A home in Bucca will put buyers back $322,000, up by 1.1 per cent.
While Bargara only saw a 0.9 per cent rise, the median price for a home has hit $390,000.
Originally published as REVEALED: Where house prices are rising in Bundy
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