Bunbury
Why Bunbury?
Bunbury is Western Australia’s second-largest regional city, with a diverse economy supported by mining and mineral processing, agriculture, forestry, timber, tourism, retail, services, and a thriving port. Located just 180 km south of Perth, it offers easy road, rail, airport, and port connections to the state capital and export markets.
Investment Highlight
Rapid price growth: The median house price reached A$555,000 in September 2024, up 24.2% over the past 12 months.
Strong rental yields: Average gross yields range between 5% and 6.2%, with a vacancy rate of 0.5% and annual rental growth of approximately 11% to 13%.
Major infrastructure: Key projects include the Bunbury Outer Ring Road, new lithium hydroxide plant creating 500 local jobs, port expansion, and ongoing waterfront upgrades.
Lifestyle benefits: Bunbury offers a vibrant lifestyle with stunning beaches, tourism attractions like the Dolphin Discovery Centre, local arts and cultural events, and access to higher education.
Approximate Cost
Median house price: A$555,000 as of September 2024
Median unit price: Properties are generally priced under A$500,000, especially in suburbs like College Grove and South Bunbury
Rental yields: Between 5% and 6.2% annually
Vacancy rate: Around 0.5%, indicating strong rental demand
Ideal For? Bunbury is an excellent choice for investors seeking capital and rental growth outside of Perth, and for first-home buyers looking for affordable property in a regional city. It also suits businesses and developers attracted to its expanding commercial precincts and infrastructure projects. Industries like tourism, agribusiness, renewable energy, and logistics will find Bunbury an appealing environment to establish and grow.
