At number 2733th in the list of Australian suburbs ordered by increase in median house value over the last year, Bunbury, 6230 is in the BOTTOM 40% with a property value increase of 1.17% recorded in median house prices.
Comparing Bunbury,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in Bunbury should be aiming for at least -8.18% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Bunbury have been waiting around 134.68 days to sell a property.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Bunbury, 6230 ranked 17th in WA when comparing growth in median property values or capital gain over the last 12 months. Bunbury is one of 1662 in our list for WA
A -7.71% growth in median value for property investors in Bunbury,6230 puts this suburb at number 22th in terms of best performing suburbs in WA
Our latest figures would indicate that property sellers in Bunbury are currently offering property investors an average price cut of -9.98% below the asking price at the moment.
Residents and property investors in Bunbury have been waiting around 141.92 days to sell a property.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 1.63%, investors should hope to achieve an overall return of 4.22%
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.