Bunbury is an average performer in WA when comparing median price capital growth over the last year. Bunbury gave property investors a average capital gain figure when compared to the rest of the state, with -5.77%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bunbury has fallen somewhat when compared to the 5 year average annual rate.
Bunbury, 6230 is offering WA ‘s 135th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
Giving property investors a a poor capital gain of -19.89% for the last year, Bunbury, 6230 is the 1690th highest performer in Australia in this respect.
Bunbury,6230 has offered an average of -19.89% return per annum in house price rises to property investors over the last three years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.10% offered to property buyers. Sellers in Bunbury itself are offering an average vendor discount of -9.67% to real estate investors.
With the median price for a house in Bunbury being $348500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.92%
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.