Bundaberg Regional LGA valuation overview
Overview of 2024 land valuation
For Bundaberg Regional local government area (LGA), the revaluation included 43,624 properties, with a total value of $9,732,060,200, an overall increase of 35 per cent since the last valuation issued in 2022.
Property market changes within Bundaberg Regional LGA are being driven by:
- population growth and interstate buyers attracted by the affordability of the region in comparison to other coastal locations
- scarcity of supply in some locations
- changes to local and state government planning schemes
- strong agricultural commodity prices
- infrastructure development including announcement of a new Bundaberg Regional Hospital.
Total value by land use
| Land type | Value | Percentage of total land value |
|---|---|---|
| Commercial | $542,841,400 | 5.6% |
| Industrial | $198,154,000 | 2% |
| Primary Production | $1,183,407,300 | 12.2% |
| Single Unit Residential | $5,433,013,700 | 55.8% |
| Multi-Unit Residential | $374,149,500 | 3.8% |
| Rural Residential | $1,953,819,300 | 20.1% |
| Other | $46,675,000 | 0.5% |
| LGA total | $9,732,060,200 | 100% |
Note: The sum of percentages may not equal 100% due to rounding.
Residential land
There has been a moderate to significant increase in median values within the residential market sectors of Bundaberg Regional LGA since the last valuation. The overall median value for residential land in Bundaberg Regional LGA is $165,000, an increase of 26 per cent.
The table below shows the changes in median value of residential land in Bundaberg Regional LGA. The table includes localities with a minimum of 50 properties as residential land use.
| Locality | Previous median value (as at 1 October 2021) | New median value (as at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|---|
| Apple Tree Creek | $59,000 | $89,000 | 50.9% | 249 |
| Ashfield | $146,000 | $175,000 | 19.9% | 390 |
| Avenell Heights | $128,000 | $152,500 | 19.1% | 1,795 |
| Avoca | $138,000 | $165,000 | 19.6% | 1,719 |
| Avondale | $46,000 | $69,000 | 50% | 134 |
| Bargara | $165,000 | $247,500 | 50% | 3,074 |
| Branyan | $132,000 | $157,500 | 19.3% | 505 |
| Bundaberg East | $128,000 | $152,500 | 19.1% | 989 |
| Bundaberg North | $88,000 | $106,000 | 20.5% | 1,836 |
| Bundaberg South | $121,000 | $145,000 | 19.8% | 991 |
| Bundaberg West | $136,000 | $162,500 | 19.5% | 578 |
| Burnett Heads | $138,000 | $230,000 | 66.7% | 1,392 |
| Buxton | $82,000 | $148,000 | 80.5% | 319 |
| Childers | $76,000 | $87,000 | 14.5% | 561 |
| Coral Cove | $180,000 | $280,000 | 55.6% | 505 |
| Cordalba | $47,000 | $80,000 | 70.2% | 205 |
| Elliott Heads | $170,000 | $255,000 | 50% | 681 |
| Gin Gin | $53,000 | $69,000 | 30.2% | 400 |
| Innes Park | $162,500 | $230,000 | 41.5% | 1,071 |
| Kalkie | $132,000 | $157,500 | 19.3% | 1,004 |
| Kepnock | $138,000 | $165,000 | 19.6% | 1,695 |
| Millbank | $131,000 | $157,500 | 20.2% | 877 |
| Moore Park Beach | $120,000 | $215,000 | 79.2% | 1,180 |
| Norville | $113,000 | $136,000 | 20.4% | 1,072 |
| Qunaba | $113,000 | $146,000 | 29.2% | 316 |
| South Kolan | $41,000 | $62,000 | 51.2% | 63 |
| Svensson Heights | $131,000 | $157,500 | 20.2% | 1,231 |
| Thabeban | $108,000 | $130,000 | 20.4% | 1,106 |
| Walkervale | $128,000 | $152,500 | 19.1% | 1,221 |
| Wallaville | $20,500 | $37,000 | 80.5% | 72 |
| Winfield | $121,000 | $144,750 | 19.6% | 152 |
| Woodgate | $197,500 | $305,000 | 54.4% | 1,311 |
Explanatory notes
- The residential market within all suburbs and townships within Bundaberg Regional LGA increased with some significant increases in coastal localities.
Rural residential land
The table below shows the changes in median value for rural residential land in Bundaberg Regional LGA.
| Previous median value (at 1 October 2021) | New median value (at 1 October 2023) | Change in median value | Number of properties |
|---|---|---|---|
| $122,000 | $182,500 | 49.6% | 10,244 |
Explanatory notes
- The rural residential market throughout Bundaberg Regional LGA increased with some significant increase to various properties and localities.
Other land uses
The table below shows the total value of land uses (other than residential and rural residential land) in Bundaberg Regional LGA.
| Land use category | Previous total land value (at 1 October 2021) | New total land value (at 1 October 2023) | Change in total land value | Number of properties |
|---|---|---|---|---|
| Commercial | $485,946,800 | $542,841,400 | 11.7% | 1,153 |
| Industrial | $173,229,000 | $198,154,000 | 14.4% | 474 |
| Primary Production | $722,640,500 | $1,183,407,300 | 63.8% | 1,767 |
| Multi-Unit Residential | $316,296,000 | $374,149,500 | 18.3% | 816 |
| Other | $36,170,200 | $46,675,000 | 29% | 61 |
Explanatory notes
- Commercial land in the Bundaberg township recorded a minor increase with sales supporting increases between 10 and 15 per cent. Shopping centre sites recorded no change in value.
- Industrial land recorded a minor increase due to the majority of sales occurring in the Kensington Lakes development. This locality has proven popular for developments accommodating national retail tenancies.
- Primary production land recorded a significant increase due to market interest across all sectors off the back of strong commodity prices and buoyant buyer interest in the rural sector. Strong world raw sugar prices and the expansion of the Macadamia industry have been main drivers in Bundaberg Regional LGA.
- Multi-unit residential land recorded a moderate increase in line with the residential market. All suburbs and townships within Bundaberg Regional LGA increased.
- Other land recorded a significant increase generally in line with wider market.
More information
To view the valuation roll display listing for Bundaberg Regional LGA, you can:
- see land valuations online
- visit the Department of Resources, 16-32 Enterprise Street, Bundaberg during business hours until 30 June 2024.