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Australia | Bunbury
Properties for sale in Bunbury, Western Australia, 6231 Australia
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Explore the best of Bunbury, WA 6230, where your dream property awaits. Located in Western Australia, Bunbury is a dynamic coastal city with a rich history dating back to the 1830s. Known for its beautiful beaches and vibrant community, Bunbury boasts a population of approximately 76,000. Whether you’re looking for a modern home or a historical property, Bunbury offers a diverse range of real estate opportunities. Dive into our listings and find the perfect fit for your lifestyle in this charming city.
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Nestled along the southwestern coast of Western Australia, Bunbury is quickly emerging as a premier destination for property investors. With its vibrant real estate market, promising rental yields, and strong growth trajectory, this charming city offers a wealth of opportunities for those looking to make savvy investments. Here’s an in-depth exploration of why Bunbury is a must-consider for any property investor.
Currently, Bunbury boasts 70 houses for sale, with a median property price of $716,000. This figure reflects an impressive annual capital growth rate of 11.44%, underscoring the city’s robust market performance. Over the past 12 months, 69 houses have been sold, demonstrating a healthy turnover with properties spending an average of just 36 days on the market before being sold.
For investors eyeing Bunbury’s housing market, the rental yields are particularly appealing. Houses in Bunbury currently offer a rental yield of 5.26%, with a median weekly rent of $570. The city has experienced a 6.79% increase in house values over the last quarter and an impressive 11.44% growth over the past year. These metrics indicate a strong demand for rental properties and a thriving market for investors.
Bunbury’s charm extends far beyond its impressive real estate figures. Spanning approximately 4.6 square kilometers, the city is enriched with 18 parks, covering nearly 19% of its total area. This abundance of green space enhances the city’s livability and attractiveness to potential renters. The city’s population, which was 3,629 in 2011, grew to 3,758 by 2016, reflecting a 3.6% increase and suggesting a steady expansion. The predominant age group in Bunbury is between 50-59 years, and the demographic mainly consists of childless couples. These residents typically manage mortgage repayments ranging from $1,800 to $2,399 per month, with many employed in professional occupations.
The rise in homeownership from 53.5% in 2011 to 58% in 2016 highlights a growing trend of individuals investing in property within Bunbury. This increase in ownership rates suggests a stable and supportive environment for long-term property investments.
For those considering units, Bunbury offers 126 units currently on the market, with a median price of $438,000. Although the annual capital growth for units is more modest at 1.86%, rental yields remain compelling at 6.93%, with an average median rent of $600 per week. Despite a slight decline in growth over the past quarter by -1.57%, units have sold relatively quickly, averaging just 34 days on the market.
The rental market for units continues to be robust, with a median weekly rent of $600, resulting in a solid rental yield. Even though there has been a decrease in stock on the market—down 37.50% compared to the previous year—units still attract investors due to their high rental returns.
Bunbury, as Western Australia’s third-largest city, is experiencing notable growth in its real estate sector. House prices in the city have surged by 5.9% over the past three months, reaching a median price of $487,000 in the March quarter, up from $460,000 in December. This growth positions Bunbury as one of the strongest regional markets in the state.
According to REIWA President Joe White, the city is witnessing strong activity across all price points, with particular competition for properties priced around $600,000. The market is attracting a diverse range of buyers, from east coast investors to first-home buyers and individuals seeking a lifestyle change from Perth or other regional centers. White anticipates continued robust growth, with properties selling swiftly and well-priced homes generating inquiries almost immediately upon hitting the market.
Bunbury’s rental market is also performing well. The median rent for houses is $535 per week, yielding a 4.64% return. Despite a significant 37.50% drop in the number of houses and townhouses available compared to the previous year, properties are selling faster, with an average time on the market of 112 days.
For units, the median listing price is $487,000, marking a 10.80% increase over the past year. Units typically take an average of 241 days to sell, with a median rent of $500 per week, resulting in a rental yield of 5.33%. These figures indicate that while units may take longer to sell, they offer attractive returns for investors.
Bunbury’s real estate market is characterized by its strong performance, high rental yields, and rapid growth. The city’s appeal is further enhanced by its vibrant community, extensive parklands, and steady population growth. Investors looking for opportunities in Western Australia should consider Bunbury for its promising returns and dynamic market conditions.
As the city continues to attract diverse buyers and investors, Bunbury stands out as a hidden gem in Western Australia’s property landscape. With its robust growth potential and appealing rental yields, Bunbury offers a compelling case for those seeking to invest in a thriving regional market. Whether you’re a seasoned investor or new to the property scene, Bunbury presents an opportunity not to be missed.
