Property investors who have had real estate in College Grove, 6230 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.41%
The five-year average increase in median property values for College Grove,6230 has given property investors a potential capital gain of -4.76% across each of those five years.
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 -7.43% is being offered, which puts this WA suburb at 872th most discounted overall in Australia.
The WA suburb of College Grove, 6230 is in the Bunbury local government area.
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