Suburb Profile Report for Bunbury WA (6230)

Bunbury House: Median price $487,500, Annual capital growth -2.22%, Number of sales 38, Weekly median advertised rent $390

Bunbury Unit: Median price $360,000, Annual capital growth -0.39%, Number of sales 43, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of -5.71% for the last 12 months, Bunbury, 6230 has performed for property investments than its average annual -2.22% property growth over the last 5 years.

Across a shorter period, Bunbury, 6230 has seen a median price increase of -0.51% over the last quarter.

Vendor discounting in Bunbury is giving property investors an average Vendor Discount of around -9.74%. This puts suburb at number 79th in WA when ranking the most discounted suburbs.

Situated 154.02km from the CBD, Bunbury is one of Bunbury localities in the postcode 6230.

Bunbury is in the bottom 20% in WA when comparing median price capital growth over the last year. Bunbury gave property investors a dismal capital gain figure when compared to the rest of the state, with -15.69%.

Over the longer term, Bunbury has seen property prices show investors a -6.98% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -9.64% to buyers in Bunbury at the moment, which is less than average for the rest of WA.

Residents and property investors in Bunbury have been waiting around 136.61 days to sell a property.

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Bunbury is one of the bigger regional towns in Western Australia, and a number of industries support the local region’s economy, although construction and manufacturing industries are the highest employers in the area.Full summary

Bunbury is one of the bigger regional towns in Western Australia, and a number of industries support the local region’s economy, although construction and manufacturing industries are the highest employers in the area.

Bunbury is also seeing infrastructure investment with road and rail upgrades, and the opening of the $1bn Southern Seawater desalination plant 20km north of the city at Binningup is expected to spur employment growth in the region.

“As the commercial hub of the south west of Western Australia, Bunbury has a large, expanding residential population and substantial employment opportunities,” says Charles Tarbey, founder and chairman of real estate agent Century 21.

“Growth is expected in both population and employment over the next ten years as the continued global demand for resources supports the area’s mining and primary industries – likely resulting in an increasing need for residential housing.”

Indeed, the forecast long-term growth for the areas is 3.4% per annum: while growth has been subdued over the last year, this soaring population is likely to boost demand, rental yields and capital growth alike.

Close
Metrics i HOUSE UNIT
$487,500 $360,000
-0.51% 0.00%
-5.71% -15.69%
-2.22% -0.39%
$390 $330
38 43
4.16% 4.77%
133.14 136.61

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 3629
Median household income ($/weekly) 1388
Median age of persons 44
Median housing loan repayment ($/monthly) 2167
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 312 8.6
    25-34 years 469 12.9
    35-44 years 451 12.4
    45-54 years 567 15.6
    55-64 years 575 15.8
    Others 1255 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1205 45.4
    Not Married 1128 42.5
    Defacto Relationship 320 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2483 71.9
    Indonesia 60 1.7
    Papua New Guinea 139 4.0
    United Kingdom 348 10.1
    Other 112 3.2
    Others 311 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.1
    Christianity 2184 65.7
    Hinduism 51 1.5
    Islam 39 1.2
    No Religion 981 29.5
    Others 30 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 137 10.0
    $600-$799 117 8.5
    $1,250-$1,499 108 7.8
    $1,500-$1,999 158 11.5
    $2,500-$2,999 192 14.0
    Others 664 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1268 41.9
    Not in the labour force 1028 34.0
    Employed, worked part-time 551 18.2
    Employed, away from work 106 3.5
    Unemployed, looking for work 71 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 288 15.0
    Professionals 487 25.3
    Technicians & trades workers 330 17.1
    Clerical & administrative workers 232 12.1
    Labourers 190 9.9
    Others 398 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 37 6.1
    Infants/Primary 207 34.3
    Secondary 173 28.6
    Technical or Further Educational Institution 89 14.7
    University or other Tertiary Institutions 75 12.4
    Others 23 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1899 59.8
    Flat, unit or apartment 656 20.7
    Semi-detached, row or terrace house, townhouse 548 17.3
    Caravan, cabin, houseboat 64 2.0
    House or flat attached to a shop, office 8 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 635 42.4
    Fully owned 473 31.6
    Being purchased 354 23.7
    Other tenure type 34 2.3
    Tenure Type
Census 2011, ABS
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