Property investors who have had real estate in South 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 -2.89%
Over the longer term, South Bunbury has seen property prices show investors a -8.92% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in South Bunbury is giving property investors an average Vendor Discount of around -7.93%. This puts suburb at number 185th in WA when ranking the most discounted suburbs.
A $322.5 per week rent on the median house gives suburb investors a gross yield of circa 4.53%, without taking into account capital value appreciation, which has been averaging out at -0.65%.
South Bunbury, 6230 ranked 52th in WA when comparing growth in median property values or capital gain over the last 12 months. South Bunbury is one of 1662 in our list for WA
South Bunbury,6230 has offered an average of -5.12% return per annum in house price rises to property investors over the last three years.
At number 69th of WA’s most discounted properties, South Bunbury is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 29 properties changed hands in South Bunbury, which puts it as the 60th most active market in WA when comparing the number of sales per suburb.
South Bunbury is 30th on a list of best yielding suburbs for rents in WA with a 4.95% return
South Bunbury is a suburb in the port city of Bunbury, the third largest city in Western Australia, and is located 175km south of the state capital.Full summary
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South Bunbury is a suburb in the port city of Bunbury, the third largest city in Western Australia, and is located 175km south of the state capital.Close
Its port services the farming and timber industries of the south-west, and a twice-daily TransWA rail line connects the city to Perth.
South Bunbury is situated on the beach and several parks also lie in the area.
Regular buses service the suburb, and schools, child care centres, shops and a post office are also in operation.
More than just a family-friendly area, South Bunbury is quickly becoming a hot spot for property investors.
RP Data’s August figures put median unit prices in the area at an affordable $423,000.
Rental rates for the suburb also look positive, with gross rental yield sitting just under 5%.
The rental market is very tight with the vacancy rate sitting at just 1.73% according to realestateinvestar.com.au data.