2/9 Robert Street, Bundaberg South QLD 4670
2/9 Robert Street, Bundaberg South QLD 4670
2-bed unit | 109m² lot | 80m² living | Rental estimate $505/wk
This unit occupies a compact, low-maintenance niche that suits downsizers, first-time buyers, and investors seeking steady rental demand. Its 80m² internal layout is efficient rather than spacious, and the single-car allocation is practical for its likely occupant profile. The property sits within a cluster of similar small units, which reinforces a consistent local market for this dwelling type rather than isolating it. Its position in Bundaberg South offers reasonable access to suburban amenities without the upkeep of a detached house, making it a straightforward, functional choice for someone prioritising simplicity and rental yield over space or land content.
The most material value considerations centre on the property’s modest land size and its position within a small complex, which may limit future extension potential or buyer pool compared to detached housing. The estimated rental figure appears optimistic relative to nearby advertised rents, so the buyer should test achievable income rather than rely on the projection. Heritage overlay inconsistency in the summary warrants a council check, as any confirmed constraint could affect redevelopment appetite. The prior 2024 sale price of $340,000 provides a meaningful reference point, though market movement since then may justify a higher figure.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/9 Robert Street, Bundaberg South QLD 4670
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Bundaberg South (QLD 4670) is a regional centre attracting families, retirees, remote workers, investors and relocators from Brisbane seeking affordability and space. Market conditions are firm: median house price is $520,000 with annual growth of 12.43%, while units sit at $425,500, up 18.19%. Houses sell in a median 13 days on 77 annual sales, reflecting tight supply. Gross rental yields are 5.50% for houses and 5.31% for units, with weekly rents of $550 and $415 respectively. Demand is driven by 16% job growth in agriculture, health and industry, alongside infrastructure investment including the $21 million Port of Bundaberg expansion, the $600 million Paradise Dam rebuild and the $2 billion South Beach project at Elliott Heads. Key risks: sustained price appreciation and lower rates could push entry-level homes beyond $500,000, while limited new housing supply and flood management challenges heighten rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 4/9 Robert Street sold under offer at $475,000; 3/17 Robert Street leased at $315/week in 2021 | Property Price Band: $450,000–$550,000 | Value Drivers: small lot size, unit complex context, rental income potential, internal condition
Bedrooms
2
Bathroom
1
Parking
1
Land
109m²
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