News

Bundaberg swiftly becoming investment 'hot spot'

Remax's Tim McCollum outside the Bargara Rd residential property he recently sold to an investor.
Remax's Tim McCollum outside the Bargara Rd residential property he recently sold to an investor. Mike Knott

BUNDABERG has been named one of the top 17 Queensland suburbs geared for capital growth this year, following the release of a report by Smart Property Investment today.

It comes as good news for property investors, with the rum city also ranking as one of the top 50 suburbs in Australia expected to experience positive growth.

Regional centres dominated the 2013 Fast 50 report, with other areas including Blackwater, Gladstone and Rockhampton also making their way onto the list.

Smart Property Investment editor Phillip Tarrant said the report provided investors with a valuable snapshot of which locations presented the sharpest investment prospects.

"This is a challenging market right now and if you're looking to make a fast buck without doing your research, there's a good chance you'll get your fingers burnt," he said.

Remax Precision Bundaberg owner Scott Mackey said his agency was experiencing enquiries from potential investors from across Australia, New Zealand and even Hong Kong.

"Other people are moving from other mining areas for rental affordability and or purchase price affordability," he said.

Topics:  remax



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