Latest News

4bu hero news

Bundy property prices take a dip while others spike

Country_Road.jpg

Property prices in the Bundaberg region have dropped, despite other parts of regional Queensland seeing a spike in home sales during COVID-19.

Real Estate Institute of Queensland CEO Antonia Mercorella said local prices dropped but "only point-five of a percent".

"Bundaberg experienced a slight dip in the March quarter," Ms Mercorella said.

"So at the end of the March quarter the median house price was sitting at $276000," Ms Mercorella said.

Buyers have been told to consider their own personal circumstances before entering the housing market in the Wide Bay region during the COVID crisis.

Ms Mercorella said it would be naive not to recognise there's a global pandemic.

'Unemployment is on our minds and economic uncertainty is on all of our minds, having said that is what we know is that we all need shelter," Ms Mercorella said.