Suburb Profile Report for West Busselton WA (6280)

West Busselton House: Median price $440,000, Annual capital growth 1.07%, Number of sales 133, Weekly median advertised rent $370

West Busselton Unit: Median price $394,500, Annual capital growth 3.54%, Number of sales 20, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in West Busselton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.45%

West Busselton,6280 has offered an average of -0.45% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in West Busselton should be aiming for at least -5.57% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

West Busselton is in the TOP 10% in WA when comparing median price capital growth over the last year. West Busselton gave property investors a very good capital gain figure when compared to the rest of the state, with 9.58%.

Across a shorter period, West Busselton, 6280 has seen a median price increase of -4.36% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that West Busselton is offering property investors an average of -8.43. This rate of discount on properties puts Suburb at number 97th in terms of most discounted suburbs in WA

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.54%, investors should hope to achieve an overall return of 4.48%

Metrics i HOUSE UNIT
$440,000 $394,500
-1.12% -4.36%
-0.45% 9.58%
1.07% 3.54%
$370 $340
133 20
4.37% 4.48%
104.08 139.53

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 7932
Median household income ($/weekly) 917
Median age of persons 40
Median housing loan repayment ($/monthly) 1560
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1163 14.7
    25-34 years 833 10.5
    35-44 years 1068 13.5
    45-54 years 1063 13.4
    55-64 years 910 11.5
    Others 2895 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 2636 48.6
    Not Married 2156 39.7
    Defacto Relationship 636 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6241 83.3
    Papua New Guinea 168 2.2
    South Africa 78 1.0
    United Kingdom 616 8.2
    Other 110 1.5
    Others 282 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 0.9
    Christianity 4749 66.4
    Islam 32 0.4
    Other Religious Groups 38 0.5
    No Religion 2248 31.4
    Others 20 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 266 10.1
    $400-$599 422 16.1
    $600-$799 280 10.7
    $800-$999 271 10.3
    $1,500-$1,999 308 11.7
    Others 1075 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2315 39.3
    Employed, worked full-time 1810 30.8
    Employed, worked part-time 1277 21.7
    Employed, away from work 274 4.7
    Unemployed, looking for work 210 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 448 13.3
    Technicians & trades workers 609 18.1
    Clerical & administrative workers 385 11.5
    Sales 411 12.2
    Labourers 528 15.7
    Others 980 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 131 7.7
    Infants/Primary 767 45.2
    Secondary 514 30.3
    Technical or Further Educational Institution 166 9.8
    University or other Tertiary Institutions 88 5.2
    Others 30 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6405 89.2
    Semi-detached, row or terrace house, townhouse 566 7.9
    Flat, unit or apartment 204 2.8
    Caravan, cabin, houseboat 6 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1074 36.5
    Fully owned 949 32.3
    Being purchased 889 30.2
    Other tenure type 27 0.9
    Tenure Type
Census 2011, ABS
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