South Bunbury is in the TOP 10% in WA when comparing median price capital growth over the last year. South Bunbury gave property investors a very good capital gain figure when compared to the rest of the state, with 7.86%.
Across a shorter period, South Bunbury, 6230 has seen a median price increase of 5.59% over the last quarter.
At number 144th of WA’s most discounted properties, South Bunbury is in the bottom 40% of the state/territory when listing in order of most discounted to least.
At number 2425 in a list of fastest selling suburbs, South Bunbury is in the bottom 40% of suburbs in Australia with an average of days on market 89.2941 for properties listed there.
South Bunbury is 208th on a list of best yielding suburbs for rents in WA with a 4.55% return
Giving property investors a a solid capital gain of 7.69% for the last year, South Bunbury, 6230 is the 242th highest performer in Australia in this respect.
Comparing South Bunbury,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in South Bunbury are currently offering property investors an average price cut of -7.86% below the asking price at the moment.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
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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.
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.