At number 3854th in the list of Australian suburbs ordered by increase in median house value over the last year, South Bunbury, 6230 is in the BOTTOM 10% with a property value increase of -10.71% recorded in median house prices.
Comparing South Bunbury,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in South Bunbury should be aiming for at least -7.41% off the asking price, which is the average vendor discount being achieved at the moment.
At number 3338 in a list of fastest selling suburbs, South Bunbury is in the bottom 20% of suburbs in Australia with an average of days on market 130.27 for properties listed there.
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 -0.15%
South Bunbury,6230 was ranked 791 in Australia by increase in median property value over the quarter.
Vendor discounting in South Bunbury is giving property investors an average Vendor Discount of around -7.15%. This puts suburb at number 56th in WA when ranking the most discounted suburbs.
Residents and property investors in South Bunbury have been waiting around 158.5 days to sell a property.
Situated 155.73km from the CBD, South Bunbury is one of Bunbury localities in the postcode 6230.
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.