Property value increases in College Grove have tracked lower than the WA average of -1.62% over the last 12 months.
Taking the average capital gain, or increase in median house value, College Grove,6230 has racked up an average of -11.02% over the period. This ranks it number 3699th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in College Grove, 6230. Typically our figures indicate that -6.09% is being offered, which puts this WA suburb at 1751th most discounted overall in Australia.
Often selling an investment property can take time, and in College Grove the average time real estate has been on the market is 95.53 days.
Advertised rents are around the $340 mark per week – giving a return of 5.28% based on the median price in Suburb
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