With a capital gain of -12.93% for the last 12 months, South Bunbury, 6230 has performed for property investments than its average annual -0.61% property growth over the last 5 years.
While South Bunbury,6230 ranked number 285th in WA for increase in median house value (annualised) increase, it is ranked 316th over the last 5 years.
South Bunbury6230 is located in WA which offers an average discount of -8.25% to property investors. South Bunbury itself is showing figures that indicate -8.25% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $327.5 and the average annual increase in value of a median property of -0.61%, investors should hope to achieve an overall return of 4.77%
Giving property investors a an unimpressive capital gain of -1.52% for the last year, South Bunbury, 6230 is the 1239th highest performer in Australia in this respect.
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.
Our latest figures would indicate that property sellers in South Bunbury are currently offering property investors an average price cut of -6.58% below the asking price at the moment.
At number 1362 in a list of fastest selling suburbs, South Bunbury is in the bottom 10% of suburbs in Australia with an average of days on market 124.05 for properties listed there.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
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.