OFF MARKET

23 May Street
Gin Gin QLD 4671

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Land area: 2023m2
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Property Details for 23 May St, Gin Gin

Building Type
Rural
Land Size
2023m2
Local Government
Bundaberg Regional
Lot/Plan
13/G2313

Last Listing description (May 2021)

This duplex building presents in good order with a 7.54% gross return.

Building is in good repair and are both tenanted.
23B is airconditioned .

Gin Gin is a well serviced vibrant town which includes hospital, primary and secondary schools, butcher, baker, supermarket, hardware, eateries , coffee shops and variety stores.

Bundaberg is 50 kms to the east.

Vacancy rates are low.

Duplexes are part of a portfolio of 3 properties all adjoining. Portfolio for sale as a whole or separate.$600K

Property History for 23 May St, Gin Gin, QLD 4671

A timeline of how this property has performed in the market
Listed for Rent
$260/w
09 Feb 2017
  • 27 Mar 2021
    Listed for Sale $320000 ONO
  • 02 Jan 2020
    Listed for Sale $320000 ONO
  • 07 Dec 2018
    Listed for Sale $320000 ONO
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About Gin Gin 4671

The size of Gin Gin is approximately 33.8 square kilometres. It has 1 park covering nearly 0.8% of total area. The population of Gin Gin in 2011 was 1,190 people. By 2016 the population was 1,066 showing a population decline of 10.4% in the area during that time. The predominant age group in Gin Gin is 60-69 years. Households in Gin Gin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gin Gin work in a labourer occupation. In 2011, 62.8% of the homes in Gin Gin were owner-occupied compared with 58.8% in 2016.

Gin Gin has 802 properties. Over the last 5 years, Houses in Gin Gin have seen a 139.34% increase in median value, while Units have seen a 647.06% increase. As at 31 October 2024:

  • The median value for Houses in Gin Gin is $379,135 while the median value for Units is $261,733.
  • Houses have a median rent of $420.
There are currently 11 properties listed for sale, and no properties listed for rent in Gin gin on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Gin gin.

Suburb Insights for Gin Gin 4671

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.