At number 3630th in the list of Australian suburbs ordered by increase in median house value over the last year, South Bunbury, 6230 is in the BOTTOM 20% with a property value increase of -5.68% recorded in median house prices.
If we look at median property appreciation over just the last three months, South Bunbury has given property investors a paper return of 0.00%. This puts Suburb as 130 on a list of fastest fasting appreciating suburbs in WA
Sellers are offering property buyers an average discount of -8.35% to buyers in South Bunbury at the moment, which is less than average for the rest of WA.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
South Bunbury, 6230 ranked 42th 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 -3.32% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in South Bunbury should be aiming for at least -7.87% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
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.