Weakness of WA market now reflected in Bunbury, WA region: CoreLogic

Weakness of WA market now reflected in Bunbury, WA region: CoreLogic
Weakness of WA market now reflected in Bunbury, WA region: CoreLogic

Some of the overall weakness across the Western Australian market is currently being reflected in Bunbury, according to CoreLogic's regional market report.

Sales volumes are -14.3 percent lower than they were last year and homes are taking increasingly longer to sell, an additional 11 days for houses and 10 days for units, when compared to the same period one year earlier.

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Weakness of WA market now reflected in Bunbury, WA region: CoreLogic

Advertised rental rates have also shifted lower over the past 12 months, down $20/per week for both houses and units when compared to June 2015.

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Weakness of WA market now reflected in Bunbury, WA region: CoreLogic

Despite this, rental yields have remained steady over the past year, at a relatively strong 5.1 per cent for houses and 5.3 per cent for units and the median house value has risen by 3.0 per cent over the 12 months ending June 2016.

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Weakness of WA market now reflected in Bunbury, WA region: CoreLogic

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Weakness of WA market now reflected in Bunbury, WA region: CoreLogic

Tags: 
Corelogic Bunbury

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