Science Fair Project Encyclopedia
Like its fellow Southern Villages , Bundanoon has had a boom-and-bust economic cycle. The town became a well-known tourist destination early in the 20th Century; its picturesque nature and the exquisite scenery of what is now Morton National Park, combined with being a stop on the CityRail line, made it a pleasant and convenient holiday area for city dwellers who could not afford the upscale accommodation at the popular Blue Mountains resort area. By the 1950s, however, changes in lifestyle, particularly the affordability of the motor car, gave city folk many more options for weekend getaways, and Bundanoon declined.
The Sydney real estate boom of the early 21st Century boosted the visibility of Bundanoon as an affordable haven within commuting distance of the City. As a result, property values have increased several fold and the better homes in Bundanoon sell for upwards of one million dollars. A moratorium has been placed on the construction of new subdivisions until the area's sewerage system can be upgraded.
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