Bunbury, 6230 ranked 411th 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
Over the longer term, Bunbury has seen property prices show investors a -19.43% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Bunbury is offering property investors an average of -8.25. This rate of discount on properties puts Suburb at number 109th in terms of most discounted suburbs in WA
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Investment property in Bunbury has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.05%
Comparing Bunbury,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 60th of WA’s most discounted properties, Bunbury is in the middle of the state/territory when listing in order of most discounted to least.
Bunbury, 6230’s gross rental yield is 4.70%
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.