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.
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.