This Suburb In Regional Queensland Just Keeps On Growing?

Svensson heights has seen extraordinary growth over the past 3 years, however prices have shown no indication of slowing down. So would you still invest in this suburb? Well lets find out…

Suburb Details:

Located in the heart of Bundaberg in regional Queensland, Svensson Heights has few opportunities to purchase investment properties for approximately $450,000. The property market in Bundaberg is extremely hot and it is incredibly difficult to secure a investment property without adding $10-20k above asking price. Despite that prices in Svensson Heights continue to grow without much much indication of it ever slowing down in the short term future. Since 2021 3 bedroom house prices have exploded from $300k to almost $600k in the present day, this is partly attributed to COVID however it hasn’t slowed down. Now normally I would advise investors to avoid locations which have grown immensely but Svensson Heights still provides strong opportunities.

Key Data Metrics

Location & Infrastructure

Svensson Heights is a suburb situated in Bundaberg, Queensland, approximately 3 kilometers southwest of the Bundaberg city center. The area is known for its well-developed infrastructure, featuring essential amenities such as Svensson Heights State School, Bundaberg West State School, and numerous local shops and businesses catering to residents' daily needs. They include major retailers including Big W, JB-HI-FI, Woolies and more. The suburb is well-connected by public transport, with regular bus services running through the area, and it offers easy access to major roads like Takalvan Street and Walker Street, facilitating commuting to and from the regional city. Additionally, Svensson Heights is home to several parks like Norville Park and recreational facilities, making it a convenient and family-friendly place to live. The suburb is also situated close to the Burnett River which can pose a flood hazard. Apart from that Svensson Heights is a 5 minute drive from Bundaberg regional airport for easy access to flights.

Other Important Factors:

Svensson Heights has seen extraordinary growth since 2021, almost rising 2-3 times its median house price. Its days on market, stock on market are incredibly low meaning the market still remains hot and will like increase in capital growth. However as an investor you must acknowledge you would have missed out on 70-100% of growth.

Bundaberg is a diversified economy in agriculture, construction and healthcare meaning that the local economy is not dependent on one industry. The local neighbourhood houses mainly community workers & professionals so there is strong potential to find long-term tenants that will take care of your property.

Vacancy rates are low sitting at 1.01%, meaning demand remains high and you will be able to secure a tenant during settlement. Property rents can be anywhere from $500-$600 per week giving you yields of about 6%, which is good for current interest rates.

Nearby Major Projects:

• Major Projects In Bundaberg - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Svensson Heights

• Days on market is incredibly low → Strong Demand.

• Strong rental yields with low vacancy rates.

• A number of infrastructure projects happening driving demand up.

• Easy access to airport & only 10 minutes to town centre.

• Bundaberg is a well-diversified economy with good potential to grow.

Con’s Of Investing In Svensson Heights

• Investors have missed out on 70-100% growth in the past 3 years.

• Located near a large river → can lead to higher insurance premiums.

• Located near a regional airport → aircraft noise.

⬇️ Get Ahead in Property: Join Our Exclusive Investor Community Today ⬇️ 

_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}