If you're interested in the economic strength of Western Australia, the latest CommSec State of the States report offers some insight into the region's development. This could be useful for potential investors interested in buying houses to rent in Bunbury over the coming months, allowing for strong plans to be created and put into action.
When it comes to general economic growth, Western Australia comes in second nationwide – just after New South Wales. The state also came in second across four different economic indicators used in the study, including construction work, dwelling starts and retail spending.
The region also came in fourth for housing finance, which could provide some confidence for investors sitting on the fence about pursuing their own mortgages and getting their portfolio development underway.
This follows the growth of new home lending seen in February, with the Housing Industry Association reporting a 2 per cent rise in loans for the construction or purchase of new properties across the country.
If you're interested in beginning or expanding your investment portfolio in Bunbury, now could be a great time to get in touch with a local real estate agent to begin looking into the neighbourhood for suitable households.