Could Bundamba be the Best areas to buy in Ipswich? Read the Best buyer’s agent in Ipswich suburb report on to find out!
Date Prepared: 30th December 2024
Overview
Bundamba, located just 5 km east of Ipswich CBD and approximately 35 km southwest of Brisbane CBD, is a vibrant and established suburb in Ipswich. Known for its excellent connectivity, proximity to essential amenities, and mix of residential and commercial properties, Bundamba offers diverse opportunities for families and investors alike. With a strong community presence and growing infrastructure, Bundamba is fast becoming a sought-after suburb in Ipswich.
Suburb Snapshot
- Median House Price (2024): $586,000
- Annual Growth Rate (2024): 14.9%
- Location Attributes:
- Brisbane CBD: Approx. 35 km (Approx. 35 minutes’ Drive)
- Ipswich CBD: Approx. 5 km (Approx. 10 minutes’ Drive)
- Springfield Central: Approx. 15 km (Approx. 20 minutes’ Drive)
- Gold Coast CBD: Approx. 95 km (Approx. 1 hour 20 minutes’ Drive)
Demographics
- Population: 6,282 (2021 Census, ABS)
- Median Age: 35 years
- Housing Types: Predominantly detached houses, with some units and townhouses. The suburb features a mix of heritage homes and modern residential developments.
Property Market Overview
Houses:
- Median Sale Price (2024): $586,000
- Rental Yield (Houses): 4.7%
- Median Weekly Rent: $520
- Vacancy Rate (Nov 2024): 2.1%
Units:
- Median Sale Price (2024): $412,500
- Rental Yield (Units): 5.3%
- Median Weekly Rent: $420
Long-Term Growth: Bundamba has shown consistent long-term growth, with the median house price increasing from $212,250 in 2006 to $586,000 in 2024. This represents an annual growth rate of 5.96% over the past 18 years, highlighting the suburb’s enduring appeal and investment potential. The suburb experienced significant growth spurts, particularly in 2021 (15.4%) and 2022 (25.0%), reflecting its resilience and demand among buyers and investors. Key drivers include infrastructure improvements and increased demand for affordable housing close to Ipswich.
Notable Recent Sales:
- 5 Byrne St: Sold for $635,000 (Dec 2024)
- 23 Morris St: Sold for $851,000 (Nov 2024)
- 42 Braeridge Dr: Sold for $700,000 (Oct 2024)
Education Options
- Primary Schools: Bundamba State School
- Secondary Schools: Bundamba State Secondary College
- Private Schools: Ipswich Grammar School
- Child Care Centres: 3 local centres providing early learning and care services (Toddle, CareforKids).
Lifestyle and Amenities
- Shopping Centres: Bundamba offers easy access to Booval Fair Shopping Centre and Riverlink Shopping Centre, providing retail, dining, and essential services.
- Parks and Recreation: Bundamba has several recreational spaces, including Rotary Park and the Bundamba Swim Centre, ideal for families and outdoor enthusiasts.
- Unique Highlights: The suburb is home to the Ipswich Turf Club, hosting regular horse racing events.
Health and Wellbeing
- Hospitals: Ipswich Hospital (Approx. 5 km) and St Andrew’s Private Hospital (Approx. 7 km).
- Pharmacies: Multiple options within 3–5 km radius.
- Community Health Initiatives: Local fitness groups and wellness programs are popular in the area.
Community and Employment
- Key Employment Sectors: Healthcare, education, and retail are the dominant industries, supported by industrial zones in Bundamba and nearby suburbs.
- Community Activities: Regular markets, sports clubs, and cultural events foster a strong sense of community.
Recent and Planned Developments
- Bundamba TAFE Campus Expansion: Planned for completion in 2026, this project aims to enhance educational opportunities and attract more residents and students to the suburb.
- Ipswich Central to Bundamba Rail Line Upgrade: Scheduled for 2028, this will improve connectivity and reduce commute times, boosting property demand in Bundamba.
For more development projects in Ipswich, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Value |
|---|---|
| Population (2021) | 6,282 |
| Median House Price (2024) | $586,000 |
| Median Unit Price (2024) | $412,500 |
| Median House Rent | $520 per week |
| Median Unit Rent | $420 per week |
| Rental Yield (Houses) | 4.7% |
| Rental Yield (Units) | 5.3% |
| Education Facilities | 3 schools, 3 childcare centres |
Ipswich Buyer’s Agent Introduction
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Conclusion: Why Choose Bundamba?
Bundamba is a well-rounded suburb offering affordability, growth potential, and excellent amenities. Its strategic location near Ipswich and Brisbane, combined with strong community ties, makes it an ideal choice for families, professionals, and investors. With ongoing infrastructure developments and a history of consistent growth, Bundamba continues to attract attention as a prime investment destination.
Ready to make Bundamba your next destination? Contact us today to begin your journey!