Home & Land

Is the South West a good investment?

March 17, 2022

For WA property buyers, the South West is quickly becoming much more than simply a holiday destination – nowadays, many people are recognising that the region is a smart investment too!

With many towns in the region reporting excellent returns on property, both in terms of price growth and rental yield, the South West has become an increasingly appealing investment choice. Investors looking to grow their property portfolio and maximise their money are looking beyond inner-city areas, and focusing on WA’s relatively underrated coastal towns, whilst first home buyers are finding a lot more bang for their buck away from the city.

If you’re considering looking to the South West for your next investment, then you’re onto a good thing! Read on below to find out why it’s a great time to invest in the South West:

 

Hot demand

Not so long ago, the humble little hamlet of Busselton was WA’s fastest renting region, with rentals being leased in 11 days on average last year, it was outpacing the median lease time for Perth in 2021 by 9 days. Demand remains strong in the area, with property investors finding tenants for their rental much quicker than other regions throughout the state. In the past year, rental yields have grown significantly, increasing from 5.9% to 7.6% for a three bedroom unit (according to SQM) in Busselton, whilst similar growth was also reported for Margaret River (5.2% to 5.8%) and Dunsborough (4.9% to 5.5%).

Prices also increased for property owners, with buyers looking to escape rising rental costs. A boost in the number of properties sold in Busselton and a 4.3% growth in prices in Busselton last year saw the median house price reach $480,000 (according to REIWA) – other suburbs followed a similar trend, with Dunsborough experiencing a sizable 15% increase between 2020 and 2021 to a median property value of $710,000.

Despite the rising property prices in the area, the region is still considered to be very good value compared to other regions throughout the state. Investors and homebuyers in the South West can still purchase a sizable property at an affordable price and build a modern, stylish home to suit their budget. Unlike many of Perth’s popular coastal suburbs, most buyers will not find they have been priced out of the market.

 

The South West lifestyle

Investing in the South West introduced investors and home buyers to an amazing array of lifestyle options that they won’t find available in the city. From popular regional hubs like Bunbury, to tourist hot spots like Margaret River and beach towns like Dunsborough, there’s something for everyone. Most locals love the region for the convenience it offers and affordable entry-level housing affordability. For those considering building a home in the area, it’s important to take the time to do some research before purchasing.

If you need help getting to the South West, talk to us! We know the area best because we’re locals too. We can help you find the perfect block of land for your new home, or a great house and land package to invest in. Get in touch with us today!

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