College Grove has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.33% to date .
College Grove,6230 was ranked 3323 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that College Grove is offering property investors an average of -8.12. This rate of discount on properties puts Suburb at number 289th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Situated 159.08km from the CBD, College Grove is one of Bunbury localities in the postcode 6230.
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