Property investors who have had real estate in Australind, 6233 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 -5.97%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Australind has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Australind are currently offering property investors an average price cut of -7.02% below the asking price at the moment.
Residents and property investors in Australind have been waiting around 124.13 days to sell a property.
With the median price for a house in Australind being $362250 and the advertised rent reaching $355 the gross rental yield for property investors calculates out to be 5.10%
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.