News

Why is it a good idea to invest in Bunbury property?

By Kevin Kelly

Property investment is a seriously stable way to use your hard-earned money. Houses and apartments aren't as susceptible to major market fluctuations like stocks and shares are, which means there is real stability in the value of your purchase.

Buying a property for investment purposes can be a bit of a time-heavy process, because the research you need to do in order to ensure success down the line is of the utmost importance. However, once you have a property of your own, and you find tenants to make profits viable, the intelligence of your market manoeuvre will be clear to see!

Right now, property prices around the country have been heightening rapidly. Perth hasn't been immune to these changes, and it could be forcing investors to look elsewhere for the next page in their property portfolio. Real estate in Bunbury and the surrounding suburbs is ripe for the taking (or buying).

Why is Bunbury such a great option for investment?

CoreLogic RP Data reports that the median dwelling price around our capitals is sitting pretty at $575,000 – an increase of 7.3 per cent over the last 12 months. Perth prices are well below that, at just $505,000 after a drop of 2.1 per cent in the last year, although that's still far higher than the Bunbury average.

Jones Lang LaSalle (JLL) reports that the median dwelling price in Bunbury is just $410,000, which is a significant saving for any savvy buyer. With the 3 May release of the Federal Budget providing impetus for growth over the next few years, investment properties are sure to become more popular.

"Investment in dwellings is forecast to grow at 8 per cent in 2016-17 and peak in 2017-18 with a record number of completions," according to Neville Sanders, president of the Real Estate Institute of Australia.

Are you poised to make a move in the investment market? Real estate in Bunbury East offers a lot for buyers, talk to Ray White Bunbury today to see what it has available for you.

Up to Date

Latest News