Property value increases in West Busselton have tracked higher than the WA average of -2.82% over the last 12 months.
If we look at median property appreciation over just the last three months, West Busselton has given property investors a paper return of 1.37%. This puts Suburb as 87 on a list of fastest fasting appreciating suburbs in WA
At number 304th of WA’s most discounted properties, West Busselton is in the TOP 30% of the state/territory when listing in order of most discounted to least.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 0.59%.
WA has seen average median house prices change by -5.01% which means that West Busselton, 6280 has not done well for property investors by showing a capital gain of 14.55% over the last year
West Busselton,6280 was ranked 520 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in West Busselton should be aiming for at least -5.15% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
As a neighbour of the regional city of Busselton, the suburb of West Busselton enjoys the spillover of demand from the CBD.Full summary
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Busselton neighbour maximises demand from the city
Median house price: $439,500
Three-year growth: 9.88%
Rental yield: 4.38%
As a neighbour of the regional city of Busselton, the suburb of West Busselton enjoys the spillover of demand from the CBD.
West Busselton’s houses are more affordable at under $440,000, and despite a hiccup in the March 2017 quarter, growth has generally been positive in recent years. The average rental yield is 4.4%, a good figure for investors. The average vacancy rate is also quite low at under 2%, suggesting that there is a strong chance of getting a regular stream of tenants.
The Busselton Health Campus is located in West Busselton, along with a surgery. There’s also a primary school. With Busselton being only a five-minute drive away, residents can easily avail of the city’s amenities, including high schools and the South Regional TAFE campus.Close