South Bunbury, 6230 ranked 49th in WA when comparing growth in median property values or capital gain over the last 12 months. South Bunbury is one of 1662 in our list for WA
Over the longer term, South Bunbury has seen property prices show investors a -8.53% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -6.25% to buyers in South Bunbury at the moment, which is less than average for the rest of WA.
Renters in Suburb are facing rents around $3930 per annum or $327.5 every week.
At number 1574th in the list of Australian suburbs ordered by increase in median house value over the last year, South Bunbury, 6230 is in the BOTTOM 20% with a property value increase of -10.53% recorded in median house prices.
Taking the average capital gain, or increase in median house value, South Bunbury,6230 has racked up an average of -10.53% over the period. This ranks it number 1601th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in South Bunbury are currently offering property investors an average price cut of -8.71% below the asking price at the moment.
In the last year 37 properties changed hands in South Bunbury, which puts it as the 52th most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of -1.47%, investors should hope to achieve an overall return of 5.32%
South Bunbury is a suburb in the port city of Bunbury, the third largest city in Western Australia, and is located 175km south of the state capital.Full summary
Information supplied by:
South Bunbury is a suburb in the port city of Bunbury, the third largest city in Western Australia, and is located 175km south of the state capital.Close
Its port services the farming and timber industries of the south-west, and a twice-daily TransWA rail line connects the city to Perth.
South Bunbury is situated on the beach and several parks also lie in the area.
Regular buses service the suburb, and schools, child care centres, shops and a post office are also in operation.
More than just a family-friendly area, South Bunbury is quickly becoming a hot spot for property investors.
RP Data’s August figures put median unit prices in the area at an affordable $423,000.
Rental rates for the suburb also look positive, with gross rental yield sitting just under 5%.
The rental market is very tight with the vacancy rate sitting at just 1.73% according to realestateinvestar.com.au data.