MARKET UPDATE - WHAT HAPPENED IN THE MARKET IN 2021

We have seen a huge shift on prices in 2021. There has been an influx in buyers looking for property pushing the market upwards. Buyers from over east are buying sight unseen, we are seeing Perth buyers coming into the Southwest buying for investment and then with the intention of retiring. Bunbury is now seen as not only a viable investment opportunity however also a retirement plan.

As prices grow there is a small frustration among buyers trying to enter the market however, as the months roll into 2022 we can look back at 2021 and see a huge market shift encouraging people to invest in real estate once again.

Below are some growth percentages for both median Sales growth in suburbs as well as median rental price increases.

If you are interested in knowing where your property is in regard to median rent or perhaps you bought a home in the lower end of the market you might be interested in seeing what your home is worth.