Property investors who have had real estate in South Bunbury, 6230 should be 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 -13.10%
Over the longer term, South Bunbury has seen property prices show investors a -9.20% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in South Bunbury are currently offering property investors an average price cut of -8.03% below the asking price at the moment.
At number 3224 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 123.26 for properties listed there.
If you compare the increase in value of investment property in South Bunbury, 6230 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.76%.
Comparing South Bunbury,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
South Bunbury, 6230 is offering WA ‘s 76th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 0.13%.
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.