Giving property investors a a poor capital gain of -7.96% for the last year, College Grove, 6230 is the 3827th highest performer in Australia in this respect.
A -5.41% growth in median value for property investors in College Grove,6230 puts this suburb at number 363th in terms of best performing suburbs in WA
Property investors looking for a bargain in College Grove should be aiming for at least -5.70% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in College Grove the average time real estate has been on the market is 76.06 days.
College Grove, 6230’s gross rental yield is 5.05%
This suburb may be on the fringe of Bunbury, but it definitely benefits from the spill-over of the city’s many amenities and colleges.Full summary
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Students keep demand for houses strong
Median house price: $378,000
Three-year growth: 5.00%
Rental yield: 4.81%
The suburb of College Grove may be on the fringe of Bunbury, but it definitely benefits from the spill-over of the city’s many amenities.
College Grove houses Bunbury Regional Hospital and the St John of God Bunbury Hospital. True to its name, it is populated by several university campuses, such as a campus of the Edith Cowan University and the South West Institute of Technology. Hence, it is unsurprisingly seeing significant levels of demand from students.
Houses are student-friendly, with the median price at under $380,000. Growth has been very gentle given Western Australia’s overall downslide, but over the past five years, the suburb has yet to see prices fall. Moreover, the rental market appears to be thriving, with investors earning high yields of almost 5%.Close