Suburb Profile Report for South Bunbury WA (6230)

South Bunbury House: Median price $365,000, Annual capital growth -0.22%, Number of sales 130, Weekly median advertised rent $330

South Bunbury Unit: Median price $325,000, Annual capital growth 0.22%, Number of sales 30, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in South Bunbury have tracked lower than the WA average of -4.99% over the last 12 months.

South Bunbury,6230 has offered an average of -12.57% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in South Bunbury are currently offering property investors an average price cut of -8.21% below the asking price at the moment.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in South Bunbury, 6230 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -1.52%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Bunbury has increased when compared to the 5 year average annual rate.

Property buyers and investors in South Bunbury 6230 should be seeing an average reduction in asking price of around -7.50% . This means that South Bunbury is holding prices well when compared to other suburbs in WA.

Residents and property investors in South Bunbury have been waiting around 152.91 days to sell a property.

YIP MAG Information supplied by:

YIP MAG
August 2015

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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.Full summary

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.

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.

Close
HOUSE UNIT
$365,000 $325,000
-2.67% N/A
-12.57% -1.52%
-0.22% 0.22%
$330 $300
130 30
4.70% 4.80%
125.1 152.91

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
Find a mortgage broker in South Bunbury WA
Demographics
Total population 8173
Median household income ($/weekly) 1205
Median age of persons 42
Median housing loan repayment ($/monthly) 1700
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 863 10.6
    25-34 years 1009 12.3
    35-44 years 1071 13.1
    45-54 years 1166 14.3
    55-64 years 1074 13.1
    Others 2990 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 2895 48.1
    Not Married 2408 40.0
    Defacto Relationship 710 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 6083 78.4
    Japan 114 1.5
    Papua New Guinea 218 2.8
    United Kingdom 597 7.7
    Other 190 2.5
    Others 553 7.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 1.1
    Christianity 5129 69.5
    Hinduism 35 0.5
    Islam 30 0.4
    No Religion 2063 28.0
    Others 39 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 260 8.6
    $400-$599 335 11.1
    $600-$799 299 9.9
    $1,500-$1,999 372 12.3
    $2,500-$2,999 285 9.4
    Others 1470 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2551 39.6
    Not in the labour force 2224 34.5
    Employed, worked part-time 1207 18.7
    Employed, away from work 272 4.2
    Unemployed, looking for work 189 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 408 10.1
    Professionals 791 19.6
    Technicians & trades workers 809 20.1
    Clerical & administrative workers 524 13.0
    Labourers 424 10.5
    Others 1071 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 122 8.6
    Infants/Primary 573 40.2
    Secondary 360 25.2
    Technical or Further Educational Institution 179 12.6
    University or other Tertiary Institutions 153 10.7
    Others 39 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6041 80.8
    Semi-detached, row or terrace house, townhouse 1004 13.4
    Flat, unit or apartment 371 5.0
    Caravan, cabin, houseboat 56 0.7
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1160 35.2
    Rented 1103 33.4
    Being purchased 988 29.9
    Other tenure type 49 1.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals