WA has seen average median house prices change by -4.98% which means that South Bunbury, 6230 has not done well for property investors by showing a capital gain of -13.69% over the last year
While South Bunbury,6230 ranked number 297th in WA for increase in median house value (annualised) increase, it is ranked 305th over the last 5 years.
South Bunbury6230 is located in WA which offers an average discount of -8.21% to property investors. South Bunbury itself is showing figures that indicate -8.27% is the average achievable by property buyers investing in the suburb.
In the last year 127 properties changed hands in South Bunbury, which puts it as the 66th most active market in WA when comparing the number of sales per suburb.
Advertised rents are around the $330 mark per week – giving a return of 4.73% based on the median price in Suburb
Property investors who have had real estate in South Bunbury, 6230 should be relatively 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 -1.52%
South Bunbury,6230 has offered an average of -1.52% 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 -8.20% offered to property buyers. Sellers in South Bunbury itself are offering an average vendor discount of -6.01% to real estate investors.
South Bunbury, 6230’s gross rental yield is 4.80%
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.