Bunbury has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.04% to date .
The five-year average increase in median property values for Bunbury,6230 has given property investors a potential capital gain of -7.68% across each of those five years.
Vendor discounting in Bunbury is giving property investors an average Vendor Discount of around -9.45%. This puts suburb at number 85th in WA when ranking the most discounted suburbs.
Residents and property investors in Bunbury have been waiting around 127.46 days to sell a property.
Bunbury is 232th on a list of best yielding suburbs for rents in WA with a 3.96% return
Property investors who have had real estate in Bunbury, 6230 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -14.46%
Over the longer term, Bunbury has seen property prices show investors a -15.48% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Bunbury is $355000, with sellers offering an average of -11.98% off the asking price.
In the last year 41 properties changed hands in Bunbury, which puts it as the 43th most active market in WA when comparing the number of sales per suburb.
Bunbury, 6230’s gross rental yield is 4.69%
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.