WA has seen average median house prices change by -1.74% which means that Bunbury, 6230 has not done well for property investors by showing a capital gain of 5.49% over the last year
Bunbury,6230 was ranked 936 in Australia by increase in median property value over the quarter.
At number 206th of WA’s most discounted properties, Bunbury is in the middle of the state/territory when listing in order of most discounted to least.
Bunbury, 6230’s gross rental yield is 4.12%
Bunbury has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 18.41% to date .
A -14.74% growth in median value for property investors in Bunbury,6230 puts this suburb at number 6th in terms of best performing suburbs in WA
Our latest figures would indicate that property sellers in Bunbury are currently offering property investors an average price cut of -7.42% below the asking price at the moment.
Bunbury, 6230’s gross rental yield is 4.74%
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Bunbury is one of the bigger regional towns in Western Australia, and a number of industries support the local region’s economy, although construction and manufacturing industries are the highest employers in the area.
Bunbury is also seeing infrastructure investment with road and rail upgrades, and the opening of the $1bn Southern Seawater desalination plant 20km north of the city at Binningup is expected to spur employment growth in the region.
“As the commercial hub of the south west of Western Australia, Bunbury has a large, expanding residential population and substantial employment opportunities,” says Charles Tarbey, founder and chairman of real estate agent Century 21.
“Growth is expected in both population and employment over the next ten years as the continued global demand for resources supports the area’s mining and primary industries – likely resulting in an increasing need for residential housing.”
Indeed, the forecast long-term growth for the areas is 3.4% per annum: while growth has been subdued over the last year, this soaring population is likely to boost demand, rental yields and capital growth alike.