Greater Bunbury Region Overview 2018.
There’s a lot happening in the dynamic Greater Bunbury Region The region’s economy is booming, with over $3.5 billion of major projects currently under construction and a further $6 billion either committed or under consideration. Projects being considered include further expansions in the resources sector, large-scale property developments, urban renewal, power stations and road networks. Fertile soils, high rainfall and proximity to Perth are leading factors in the South West region’s diverse range of agricultural pursuits. The region has thousands of agricultural enterprises, covering an area of approximately 864,000 hectares. The port city of Bunbury is the regional capital of the South West Region of Western Australia. Surrounded by water on three sides, Bunbury boasts beautiful beaches, rivers and inlets and affords its residents unique waterfront living. Many of the city’s residents rely on mining, manufacturing, building and retail industries for their employment, working both within the city and in surrounding shires. Bunbury is well serviced by road, rail and bus services and is only one and half hours drive from Perth. It has its own airport and an express passenger train service which runs between Perth and Bunbury daily. The city offers a wide variety of retail shopping, and quality education (with its own university campus), health and sporting facilities. The City itself is home to approximately 33,075 people, but the population of the Greater Bunbury area, which includes the adjacent urban centres of Australind, Leschenault, Eaton, Gelorup, Dalyellup and Stratham as well as the shires of Capel, Harvey, Dardanup, Donnybrook and Collie gives a total of aproximately 190,000 people and 78,000 properties.
Agricultural ventures within the Greater Bunbury Region include; Beef and dairy cattle
The South West region is Western Australia’s leading supplier of beef cattle. Processing of prime beef for export occurs at a large abattoir near Harvey.
Sheep and wool
The South West produces fine apparel wool, with the majority of the region’s sheep stock and disposals occurring in the Shire of Boyup Brook. The region exports quality merino wool to Europe and Asia, in particular to China.
Vegetables
Most vegetables are sold to the Perth market, but increasingly a share is exported to South East Asia. Varieties include; potatoes, carrots, broccoli, onions, cauliflowers, tomatoes, pumpkin, beans, lettuce, capsicum, chillies, zucchini and cabbage.
Fruit
Orchard fruits and grapes (used for winemaking) dominate production in the region. Varieties include; table and wine grapes, apples, oranges, plums, prunes, pears, avocados, nashi pears, nectarines, peaches, cherries, apricots, kiwifruit and berries.
Viticulture
The South West is the largest wine producing region in Western Australia and widely recognised as a world-class producer of premium wine. Wine regions include; Margaret River, Pemberton, Blackwood Valley, Geographe and Manjimup, with grape production predominentely found in these areas.
Milk
In 2010-11, the South West accounted for around 89 per cent of the total value of West Australian milk production. Milk from the region is primarily processed as fluid milk for the domestic market. A small manufacturing industry processes surplus milk into butter, cheese, dried milk powder, cream, long life milk, yoghurts, desserts and other products for domestic and export markets.
Floriculture
Floriculture is an established export industry in the South West. There are significant plantings of proteas in the shires of Harvey, Busselton, and Augusta-Margaret River. Wildflowers are found in the Warren-Blackwood area, and tulips are grown in and around Nannup and Balingup.
Other crops
Pastures, cultivated turf, grasses (for hay production), grains; including barley, oats and wheat, are the main contributors.
Exotic meats
Deer, emu, ostrich and goats are bred in the South West.
Population projection for Greater Bunbury Region
The Real Estate Market As the previous data outlines, Landmark’s real estate capture zone is diverse and growing, which augers well for a buoyant and profitable real estate business. There is a wonderful opportunity for expansion within the real estate sector while building upon the Landmark brand and operations which continues to grow strongly in the Greater Bunbury Region. There are currently 16 Agencies with approximately 150 sales representatives within the central Bunbury area responsible for 1727 sales in the past 12 month period. However the greatest opportunity lies in Property Management. The Property Management sector has been poorly managed and marketed across the industry leaving the door wide open for substantial and consistent growth. Working closely with all of the Landmark departments including merchandising, insurance, stock, fertilizer and breeding, the Real Estate division will continue to broaden the Landmark brand.
The Real Estate Market - Greater Bunbury Region. Shire of Dardanup The growth in the Eaton township sees a predominantly urban population now residing in the Shire of Dardanup. Millbridge Estate is Eaton’s newest subdivision, with approximately 1,400 lots.Agriculture, particularly beef, sheep, dairy and viticulture continue to play an important role in the local economy. Shire Of Capel The Shire of Capel takes in the picturesque towns of Capel and Boyanup, the semi-rural settlements of Stratham and Gelorup, and the beachside estates of Peppermint Grove and Dalyellup. Growth is driven by a major land development at Dalyellup Beach, a 660 hectare coastal strip located south of Bunbury. An estimated 3,300 lots will be released for development. Agricultural activities across the shire include dairy, beef, horticulture and viticulture. Shire of Harvey The Shire of Harvey is in the grip of a population boom, with growth primarily in and around the Australind townsite. Large scale retail developments and further subdivisions are planned for the rapidly expanding suburb of Treendale. Located within the shire is the Kemerton Industrial Park. The park is home to the operations of a number of major companies including the world’s second-largest producer of titanium dioxide Cristal Global, infrastructure provider Transfield Services, high-grade silicon producer Simcoa, and Kemerton Silica Sands. Horticulture is a significant industry in the shire, with processing plants value adding to the sector. Another major employer in the Harvey area is export beef abattoir Harvey Beef. Shire of Donnybrook-Balingup Local industries in the shire include sandstone quarrying and a strong agricultural sector, notably apple and stone fruit orchards in and around the township of Donnybrook with a value of $46 million in agricultural production. Its central location to the adjacent areas of Bunbury, Capel, Collie and Greenbushes makes the shire an attractive lifestyle option.
The incredible Greater Bunbury Region
The Real Estate Market - Greater Bunbury Region.
Property Management Figures Approximately 8015 rental properties within our catchment. Average median rental return is $350 per week. Looking at the possible aquisition of Hancock Real Estate, there is substantial upside to expand on the existing 185 property managements. Detailed below are growth projections covering the next 5 years; • Year 1 Addition of 50 properties averaged at $350 per week with a management fee of 9 per cent totals an increase of $81,900, bringing the yearly income to $384,930. • Year 2 Addition of 100 properties (335 now the total properties ) averaged at $350 per week with a management fee of 9 per cent totals an increase of $163,800, bringing the yearly income to $548,730. • Year 3 Addition of 100 properties (435 now the total properties ) averaged at $350 per week with a management fee of 9 per cent, bringing the yearly income to $712,530. • Year 4 with an additional 100 properties totals $876,330. • Year 5 with an additional 100 properties totals $1,040,130. Year 5 brings us to 8% market share.
Landmark - Working As One The Greater Bunbury Region is the gateway to the South West corridor of Western Australia and by developing a powerful network that sees each of Landmarks departments working cohesively to promote each others product wherever possible, market domination will be realised. The Real Estate division opens a platform for servicing existing Landmark clients needs whether buying or selling within the local boundaries or clients from further afield looking to relocate or invest in the region.