Housing and Real Estate in Australia's South West
Houses in Australia's South West are generally single storey, with an increasing choice of real estate such as units, multiple storey houses, villas, lifestyle villages and rural retreats.
Most people own their own property and Australians often enjoy homes on large blocks which allow for the traditional outdoor lifestyle.
The property market in the South West Region shows a wide variety in real estate prices across the various locations. The city of Bunbury and other coastal towns have experienced an enormous increase in real estate values, whereas the inland towns have seen a more steady increase in real estate prices in the last few years.
In the City of Bunbury the median average house price in June 2006 was A$350,000 with prices starting at around A$170,000 for a small unit rising to as much as A$1.8 million for a luxury seaside or canal-front manor.
This compares well with other Australian locations - with the median average house price in Perth at A$395,000, $523,000 in Sydney and $339,000 in Brisbane.
Increasing population figures as well as a continuously high demand for investment properties are the underlying cause for the increase in house prices.
The coastal towns of Margaret River, Busselton and the city of Bunbury have shown the strongest increase.
View average house prices for various South West locations for the year 2005.
The property market has not slowed down in 2005 and 2006. The Real Estate Institute of WA reports an increase of 36.3 per cent on average house prices in Bunbury in the year to March 2005 (Busselton 19.4 per cent, Margaret River 22.6 per cent) - source www.reiwa.com.au
For information regarding WA State Government residential subdivisions see LandCorp's website for projects in the South West Region.
For further information on South West real estate, agent listings and property search facilities, please visit the following sites: