Bunbury has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 1.36% to date .
The five-year average increase in median property values for Bunbury,6230 has given property investors a potential capital gain of -0.95% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bunbury, 6230. Typically our figures indicate that -8.17% is being offered, which puts this WA suburb at 751th most discounted overall in Australia.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Bunbury has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.23% to date .
A -13.04% growth in median value for property investors in Bunbury,6230 puts this suburb at number 91th in terms of best performing suburbs in WA
At number 8th of WA’s most discounted properties, Bunbury is in the bottom 10% of the state/territory when listing in order of most discounted to least.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.55%, without taking into account capital value appreciation, which has been averaging out at 0.55%.
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.