Bundamba is a mid-sized suburb in Queensland within the Ipswich local government area (postcode 4304). The area has roughly 6,542 residents and a blend of families and working-age professionals, with a median age of 35. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. QLD employment has moved +1.5% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. QLD also had 35 Commonwealth-backed major projects under construction, 16 underway, and 30 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Bundamba has a median house price of $531,000, which has climbed sharply by 16.7% year-on-year. Units have a median price of $406,000 (+22.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,300.
Bundamba is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 891, which is well below the national average of 1,000. Public transport access includes 3 rail stations, 28 bus stops. The crime rate in the Ipswich LGA is moderate at 6,598 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.4%, which reads as high yield. Property prices sit below the state median ($531K/$1.1M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +16.7% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.