Suburb Profile Report for West Busselton WA (6280)

West Busselton House: Median price $445,000, Annual capital growth 0.59%, Number of sales 133, Weekly median advertised rent $360

West Busselton Unit: Median price $409,500, Annual capital growth 2.26%, Number of sales 18, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

Information supplied by:


June 2017

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As a neighbour of the regional city of Busselton, the suburb of West Busselton enjoys the spillover of demand from the CBD.Full summary

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
Metrics i HOUSE UNIT
$445,000 $409,500
1.37% 2.63%
2.42% 14.55%
0.59% 2.26%
$360 $340
133 18
4.21% 4.32%
106.9 140.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in West Busselton WA
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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Recent sales & rentals