Bundaberg West vs Slade Point

Houses cost about the same in both suburbs: the median house price is $630K in Bundaberg West and $630K in Slade Point.

For units, Bundaberg West sits at a median of $485K against $1.9M in Slade Point, which makes Bundaberg West the more affordable unit market and Slade Point the pricier one.

On cash flow, Slade Point leads: houses there return a gross rental yield of 5.62%, compared with 4.80% in Bundaberg West, a gap of 0.82 percentage points.

Over the past year house prices moved +17.7% in Bundaberg West and +3.8% in Slade Point, so recent momentum favours Bundaberg West, although both suburbs recorded growth.

Looking back three years, Bundaberg West houses are +67.5% and Slade Point houses +65.5%, so Bundaberg West has compounded faster than Slade Point over the longer window.

Rental vacancy is 0.9% in Bundaberg West and 1.3% in Slade Point, so landlords in Bundaberg West face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Slade Point is the bigger suburb, with a population of 3,450 against 2,596, larger than Bundaberg West; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Slade Point for rental income, Bundaberg West for recent price momentum, Bundaberg West for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.