Giving property investors a a poor capital gain of -2.67% for the last year, South Bunbury, 6230 is the 3367th highest performer in Australia in this respect.
Over the longer term, South Bunbury has seen property prices show investors a -13.10% return over the last 3 years. This is an improvement over the last 12 months
South Bunbury, 6230 is offering WA ‘s 228th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
On average over the past year, suburb has had 9.17 sales per month, which equates to 110 per year.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
If you compare the increase in value of investment property in South Bunbury, 6230 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -6.33%.
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.
Sellers are offering property buyers an average discount of -8.00% to buyers in South Bunbury at the moment, which is less than average for the rest of WA.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at -0.65%.
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
Information supplied by:
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.