WA has seen average median house prices change by -2.32% which means that College Grove, 6230 has not done well for property investors by showing a capital gain of 0.60% over the last year
If we look at median property appreciation over just the last three months, College Grove has given property investors a paper return of -0.79%. This puts Suburb as 240 on a list of fastest fasting appreciating suburbs in WA
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
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