South Bunbury (postcode 6230) is a moderately sized suburb in Western Australia within the Bunbury local government area. With a population of 8,810, the suburb has an established family demographic with a median age of 44. Households earn a median income of $75K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in South Bunbury is $592,000, having surged by 27.3% over the past year. Units have a median price of $430,000 (+16.5% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,600.
South Bunbury is served by 5 schools, including 2 primary, 1 secondary, 2 special. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 85 bus stops. Healthcare facilities include 1 private hospital.
On the investment side, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices sit below the state median ($592K/$951K), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +27.3% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.