College Grove has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.71% to date .
The five-year average increase in median property values for College Grove,6230 has given property investors a potential capital gain of -3.69% across each of those five years.
Residents and property investors in College Grove have been waiting around 112.909 days to sell a property.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
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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%.