Bunbury homes have gone up more than 25 per cent in value since the start of the pandemic in 2020 and will continue well into next year, experts reckon. In strong figures just released by analysts PropTrack and confirmed by the Real Estate Institute of WA this week, the port city is bucking a nationwide slowdown as listings dry up. Instead, prized lifestyle and work opportunities were luring more residents as well as investors to Bunbury and surrounding localities. PropTrack estimated the greater Bunbury area — which included Margaret River and Busselton — had seen 42 per cent growth since March 2020. REIWA put Bunbury city’s growth at 25.7 per cent growth since the start of the pandemic, with the median price of homes leaping from $350,000 to $440,000. While regional centres further south saw even stronger growth than Bunbury, local realtors said the result was further evidence of Bunbury’s growing post-pandemic appeal as well as the stability and reliability of the local market. Elders Real Estate State manager Drew Cary said the decrease in listings did not tell the whole picture because appetite for Bunbury homes among workers and investors continued unabated. “The total number of listings is half what they should be, but the volume of them flowing through is normal,” he said. “There’s high volume in the marketplace, but we just can’t hold stock.” Mr Cary also predicted the price boom would continue. “They (house prices) are actually accelerating. It’s not a straight line,” he said. “The pace at which the price increases are going up is increasing.” Stocker Preston realtor Mark Murray said Bunbury’s figures were a good result despite coming second to localities further south. “I’m surprised Bunbury is so (comparatively) low,” he said. “It’s still a strong regional centre and a hub for employment and close to mining at Binningup and Collie.” Mr Cary echoed comments from REIWA president Joe White that secure job options, good quality education and healthcare was making Bunbury a destination of choice for people wanting to leave the city. Median house prices in the Augusta-Margaret River shire jumped an astonishing 51.9 per cent in the 30 months since March 2020. The median home value of $462,500 back then was now revalued at just over $700,000 as of September. City of Busselton homes were close behind with an impressive 38.6 per cent growth. The median home price surged from $497,000 in 2020 to $680,000 during the same period.