Suburb Profile Report for Bunbury WA (6230)

Bunbury House: Median price $440,000, Annual capital growth -2.47%, Number of sales 40, Weekly median advertised rent $360

Bunbury Unit: Median price $335,000, Annual capital growth -1.45%, Number of sales 44, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Bunbury, 6230 have given investors a capital gain of -6.38%. This compares badly with the -2.18% for WA as a whole.

Over the longer term, Bunbury has seen property prices show investors a -15.38% return over the last 3 years. This is an improvement over the last 12 months

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.59% offered to property buyers. Sellers in Bunbury itself are offering an average vendor discount of -9.63% to real estate investors.

With a capital gain of -10.67% for the last 12 months, Bunbury, 6230 has performed for property investments than its average annual -1.45% property growth over the last 5 years.

The five-year average increase in median property values for Bunbury,6230 has given property investors a potential capital gain of -23.69% across each of those five years.

At number 16th of WA’s most discounted properties, Bunbury is in the bottom 30% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Bunbury being $335000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.12%

Information supplied by:




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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.

Metrics i HOUSE UNIT
$440,000 $335,000
-0.56% 0.00%
-6.38% -10.67%
-2.47% -1.45%
$360 $330
40 44
4.25% 5.12%
119.555555555556 116.774193548387

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 3629
Median household income ($/weekly) 1388
Median age of persons 44
Median housing loan repayment ($/monthly) 2167
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 312 8.6
    25-34 years 469 12.9
    35-44 years 451 12.4
    45-54 years 567 15.6
    55-64 years 575 15.8
    Others 1255 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1205 45.4
    Not Married 1128 42.5
    Defacto Relationship 320 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2483 71.9
    Indonesia 60 1.7
    Papua New Guinea 139 4.0
    United Kingdom 348 10.1
    Other 112 3.2
    Others 311 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.1
    Christianity 2184 65.7
    Hinduism 51 1.5
    Islam 39 1.2
    No Religion 981 29.5
    Others 30 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 137 10.0
    $600-$799 117 8.5
    $1,250-$1,499 108 7.8
    $1,500-$1,999 158 11.5
    $2,500-$2,999 192 14.0
    Others 664 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1268 41.9
    Not in the labour force 1028 34.0
    Employed, worked part-time 551 18.2
    Employed, away from work 106 3.5
    Unemployed, looking for work 71 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 288 15.0
    Professionals 487 25.3
    Technicians & trades workers 330 17.1
    Clerical & administrative workers 232 12.1
    Labourers 190 9.9
    Others 398 20.7
    Occupation
    Census Count Percent(%)
    Pre-school 37 6.1
    Infants/Primary 207 34.3
    Secondary 173 28.6
    Technical or Further Educational Institution 89 14.7
    University or other Tertiary Institutions 75 12.4
    Others 23 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1899 59.8
    Flat, unit or apartment 656 20.7
    Semi-detached, row or terrace house, townhouse 548 17.3
    Caravan, cabin, houseboat 64 2.0
    House or flat attached to a shop, office 8 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 635 42.4
    Fully owned 473 31.6
    Being purchased 354 23.7
    Other tenure type 34 2.3
    Tenure Type
Census 2011, ABS
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