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.
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
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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.
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.