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.