Australind, 6233 ranked 289th in WA when comparing growth in median property values or capital gain over the last 12 months. Australind is one of 1662 in our list for WA
Australind,6233 has offered an average of -7.18% return per annum in house price rises to property investors over the last three years.
Australind, 6233 is offering WA ‘s 258th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this WA.
At number 3199 in a list of fastest selling suburbs, Australind is in the bottom 20% of suburbs in Australia with an average of days on market 122.01 for properties listed there.
Australind, 6233’s gross rental yield is 5.06%
An hour and a half south of Perth, Australind is a suburb of WA’s second-largest regional town, Bunbury. It sits directly adjacent to the beautiful Leschenault Estuary, and views of the calm waters are a prized feature of Australind real estate.Full summary
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An hour and a half south of Perth, Australind is a suburb of WA’s second-largest regional town, Bunbury. It sits directly adjacent to the beautiful Leschenault Estuary, and views of the calm waters are a prized feature of Australind real estate.
After suffering the same price crash as many holiday towns in WA, some parts of Australind have staged a remarkable comeback. “Investors are back in the market,” says Trish Marsh, sales consultant at Allwest First National Real Estate. “But prices are going up only in specific areas of Australind, not across the board.”
The hottest property in town is in the Treendale area. The Junction at Treendale, due for completion in May 2011, will become a major regional shopping and entertainment hub and has already started to put upward pressure on real estate prices.
One area of the market that is not performing well is vacant land – and there is a lot of it. “I’ve got a block with estuary views, 360 degrees, two acres for $549,000,” says Marsh. “It’s the cheapest block out there and I can’t move it.” With building times blowing out and the expenses involved in preparing new land ($80,000 for a septic system alone), buyers would rather spend the money on an established property.
New estates, such as the Kingston subdivision on the east side of Australind, are proving very popular with investors and owner-occupiers alike. On the west side, buyers want estuary views but are staying away from Old Coast Road because of concerns about traffic noise.