A booming population
The population of Vasse keeps growing – it has increased by more than 120 new families between the 2016 and 2021 Census periods and the next census is likely to show similar.
Media reports have called Vasse a ‘bustling hotspot for growing young families’. Comment was made on a “massive rise in school enrolments and a young, booming population.”
Read our blog article about it here.
Above average demand
Vasse’s median weekly rent reported in the 2021 Census was $420/week. This is up from the median weekly rent of $410/week reported in the 2016 Census. The last Census also showed that the median weekly rent was higher than Perth’s median weekly rent of $400/week.
Low vacancies in the estate mean Vasse retains its friendly community feel within one of the fastest growing areas of the South West.
Vasse is a prosperous South West community with median household income almost 50% higher than Busselton.
Strong traffic & strong brands
With the rapidly expanding Vasse Village, plus the Vasse Business Park, Vasse is an area of prime convenience. Major brands already here include Coles, McDonalds, Western Power, Cheeky Monkey Brewery, Cotton Rose and more. Vasse by Bunbury Farmers Market is also expected to open in 2023.
There are over five hectares of retail, commercial and showroom real estate at Vasse. This includes 150 lots within the business park.
Over 7.2 million vehicles pass the Village Centre site each year, and 2.5 million cars drive through Vasse Village each year.
Growing employment opportunities
The businesses in Vasse are already providing long term employment opportunities for locals. Vasse is on track to be home to an estimated 6,500 residents, while providing 2,700 local jobs.
Cape Naturaliste College and Vasse Primary School are highly regarded, with many families locating to Vasse based on this reputation.
Enrolments at the Primary School have increased by around 50% in the last six years and there are now 791 students.
Cape Naturaliste College completed a $32 million expansion in 2020, adding state of the art Science, Design & Technology labs, as well as a stunning Performing Arts facility. Enrolment numbers have increased by over 80% in the last six years and are now 982 students.
Needing land, a house or a tenant?
Hanson Property has a range of innovative options for investors, including house and land packages where we even find you a quality tenant.
As exclusive property agents to Vasse, Hanson Property offers the ideal investment opportunity:
- A single point of contact
- Years of experience in Vasse
- Extensive local property knowledge
- Complete turnkey House and Land solutions
- Maintenance of your investment property
- Professional marketing and leasing agents
An Investor Story
Michelle from Victoria bought in Vasse for the initial purpose of investing, but with a later plan to retire there. Michelle says
“In comparison to Victorian property prices, WA rent returns are high. I get $20 a week less rent than I would over here in Melbourne, but the whole package cost me so much less.”
The estimated market value of the rental return on a similar 3×2 property is currently $430 to $450 per week.
Read more about Michelle’s story here