Bundaberg renovation activity slows down: HTW residential
The past few months have shown little evidence of declines in values in the Bundaberg region, according to the latest Herron Todd White (HTW) residential report.
The valuation firm suggests in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month’s HTW report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
The report notes properties are still being listed and sold and being refinanced.
This is due mainly to the limited number of COVID-19 cases in the region and hopefully with the recent easing of restrictions, this confidence should remain.
"We are very much like the Hervey Bay market when it comes to renovations," the valuation firm said.
Bundaberg renovations have actively slowed over the past few months as consumers appear to be conserving their dollars.
"Judging by the local Bunnings carpark, locals seem to be doing odd maintenance jobs around the house and yard instead of major renovations. Local builders have reported that the demand for new owner-occupier homes remains consistent," the valuation firm said.
A renovated house in Walkervale has recently been sold for $220,000.
The home at 121 Barolin Street (pictured below) comes with three bedrooms, sunroom, renovated gourmet kitchen and fully renovated bathroom.
It also features new roof, new gyprock ceilings and low maintenance gardens.
A current listing is a renovated two bedroom unit in Bundaberg South.
The unit at 1/46 George Street (pictured below) has been listed for sale with over $169,000 hopes.
It features open plan kitchen and living area, private courtyard and single garage.
