12/23 Casuarina Drive, Bunbury WA 6230

Coastal apartment | dual parking | generous 173sqm land | sought-after Bunbury corridor | downsizer or investor fit The property’s competitive position is defined by its rare combination of two dedicated car spaces and a 173-square-metre land component within an apartment format-features that are unusually generous for a unit in Bunbury’s coastal corridor. This configuration gives a prospective buyer a functional edge: the land area supports outdoor living, and the extra parking broadens appeal to owner-occupiers with a second vehicle or investors targeting tenants who value that convenience. The location on Casuarina Drive places the unit within a proven demand zone, where low-maintenance homes consistently attract downsizers seeking lock-and-leave lifestyle and first-home buyers entering the market. For a buyer, this translates into a property that can serve both immediate living needs and a future exit strategy without relying solely on capital growth from the building alone. The main risk is the apartment’s inherent reliance on the broader strata block for condition and management-any deferred maintenance or rising levies could compress net returns for an investor. However, the opportunity lies in the undersupply of genuinely liveable two-bedroom-plus-parking units in this pocket; the 173-square-metre footprint provides a buffer against the tighter floor plans typical of new developments. A buyer who inspects the strata records and confirms modest sinking-fund obligations can secure a unit that holds its value through affordability and convenience rather than speculative appreciation. The coastal positioning and dual-parking advantage should sustain tenant interest even in softer leasing cycles.