If you compare the increase in value of investment property in Australind, 6233 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.19%.
Australind,6233 has offered an average of -5.19% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.81% to buyers in Australind at the moment, which is less than average for the rest of WA.
In the last year 224 properties changed hands in Australind, which puts it as the 11th most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 0.52%, investors should hope to achieve an overall return of 4.99%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Australind has fallen somewhat when compared to the 5 year average annual rate.
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.