Suburb Profile Report for South Bunbury WA (6230)

South Bunbury House: Median price $377,500, Annual capital growth 0.48%, Number of sales 106, Weekly median advertised rent $330

South Bunbury Unit: Median price $280,000, Annual capital growth -0.41%, Number of sales 32, Weekly median advertised rent $300

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

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

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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.

YIP MAG Information supplied by:

YIP MAG
August 2015

M
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W
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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.

Metrics i HOUSE UNIT
$377,500 $280,000
5.59% 3.70%
7.86% 7.69%
0.48% -0.41%
$330 $300
106 32
4.55% 5.57%
89.2941176470588 106

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

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 8173
Median household income ($/weekly) 1205
Median age of persons 42
Median housing loan repayment ($/monthly) 1700
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 863 10.6
    25-34 years 1009 12.3
    35-44 years 1071 13.1
    45-54 years 1166 14.3
    55-64 years 1074 13.1
    Others 2990 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 2895 48.1
    Not Married 2408 40.0
    Defacto Relationship 710 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 6083 78.4
    Japan 114 1.5
    Papua New Guinea 218 2.8
    United Kingdom 597 7.7
    Other 190 2.5
    Others 553 7.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 1.1
    Christianity 5129 69.5
    Hinduism 35 0.5
    Islam 30 0.4
    No Religion 2063 28.0
    Others 39 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 260 8.6
    $400-$599 335 11.1
    $600-$799 299 9.9
    $1,500-$1,999 372 12.3
    $2,500-$2,999 285 9.4
    Others 1470 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2551 39.6
    Not in the labour force 2224 34.5
    Employed, worked part-time 1207 18.7
    Employed, away from work 272 4.2
    Unemployed, looking for work 189 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 408 10.1
    Professionals 791 19.6
    Technicians & trades workers 809 20.1
    Clerical & administrative workers 524 13.0
    Labourers 424 10.5
    Others 1071 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 122 8.6
    Infants/Primary 573 40.2
    Secondary 360 25.2
    Technical or Further Educational Institution 179 12.6
    University or other Tertiary Institutions 153 10.7
    Others 39 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6041 80.8
    Semi-detached, row or terrace house, townhouse 1004 13.4
    Flat, unit or apartment 371 5.0
    Caravan, cabin, houseboat 56 0.7
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1160 35.2
    Rented 1103 33.4
    Being purchased 988 29.9
    Other tenure type 49 1.5
    Tenure Type
Census 2011, ABS
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