South West WA April 2017

The month in review: South West WA

By Herron Todd White
April 2017

The coastal strip along Geographe Bay between Bussell Highway and the ocean continues to be a hot spot in the region.

The proximity to the beach, schools, shopping centres and the CBD are all positive factors driving demand in this area. Given the geographic constraints there is a restricted supply of properties in this location.

Entry-level value in this locality is in the $500,000 to $550,000 price bracket for basic, older-style homes on 800 square metre lots, ranging up to $1.5 million for executive standard homes with ocean views along Geographe Bay Road.

There is a mix of people included in this demand, ranging from families wishing to upgrade for locational purposes, to retirees, holiday home buyers, and the top end of the market who are after the expansive ocean views from Geographe Bay Road.

Given the higher than national average population growth in the Busselton region, the demand for this locality is expected to continue to rise. The limited supply is expected to have upward pressure on prices.

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