New Domain property data reveals $110,000 median sale profits for unit sales in South Bunbury

Property owners selling their units in some parts of Bunbury are raking in massive profits as the city’s housing crunch continues to bite. New data from real estate group Domain shows South Bunbury has the third biggest profit margins for units in regional WA, with sellers walking away from their properties with a median amount of $110,000 — a 39.6 per cent yield. It was not the only suburb in the city to make it on to the list, with East Bunbury coming in fifth place with a median profit of 33.5 per cent or $85,000. The Bunbury city centre is close behind with a $55,000 median profit, equivalent to a 20.8 per cent yield. It comes as part of a national trend, with 94.6 per cent of units sold in regional areas of the country making a profit last financial year, a number higher than those in the capital cities. Domain research and economics chief Nicola Powell noted the number of units making profits at sale was at a 13-year high. “As Australia grapples with record pricing, it is unsurprising that the pool of profit-making sales has risen, as the likelihood of profitability increases as prices rise,” she said. Dr Powell said the results show how valuable it is for people to get into the property market if they can. “We need to ensure that buying a home is affordable and accessible to everyone, as having an asset that increases in value can really help financial stability in the future,” she said.