After a recent comparison to the cost to build new homes in surrounding suburbs of Bunbury it was found that compariable established homes on the market are for sale below replacement cost.
Mr Morgan, managing director of Harcourts Bunbury said “The has been a great deal of press about House pricing dropping even further but it is very, very hard to see established homes selling much below what it would cost to replace them.”
“To build a new home at the moment, the cost of materials have recently…


