Bundaberg property market to continue to perform steadily: HTW residential
The Bundaberg residential market has been a steady performer over the past number of years, according to a recent Herron Todd White (HTW) residential report.
"We don't see that changing in a hurry," the valuation firm said.
The valuation firm asked their valuers to give an educated outlook on the residential market in their service areas.
The report notes Bargara and the entire coastal strip are seeing some positive signs of investment which has the potential to fuel growth along the coast.
There are a number of projects happening or proposed that should stimulate interest in the area, such as the redevelopment of the Bargara Hotel, a new tavern near the Stockwell shopping centre, a new eco-friendly residential development at Innes Park/ Bargara South and renovations to the Bargara RSL.
"We see the coastal strip as being the shining star in 2020," the valuation firm said.
A four bedroom brick house in Bundaberg North has recently been sold for $277,000.
Located at 32 Fairymead Road (pictured below), the fully renovated home features open living area, modern kitchen and double carport.
The property last sold for $160,000 in 2018.
A current listing is a Bundaberg West three bedroom townhouse priced at $289,000.
Located at 1/6 Mulgrave Street (pictured below), it comprises 3 bedrooms, open plan living area, modern kitchen and backyard.
It is located close to private school, CBD, shops and transport.
