Suburb Profile Report for Port Hedland WA (6721)

Port Hedland House: Median price $470,000, Annual capital growth 4.40%, Number of sales 42, Weekly median advertised rent $700

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Property value increases in Port Hedland have tracked lower than the WA average of -5.06% over the last 12 months.

Port Hedland,6721 was ranked 4044 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Port Hedland, 6721. Typically our figures indicate that -21.88% is being offered, which puts this WA suburb at 8th most discounted overall in Australia.

Situated 1318.99km from the CBD, Port Hedland is one of Port Hedland localities in the postcode 6721.

Rick Hockey Information supplied by:

Rick Hockey
First National Real Estate

M 9173 9218
O 0438934093

W www.hfn.com.au
E rick@hfn.com.au
The urbanisation of China and its demand for steel has turned iron ore-exporting Port Hedland into Australia’s pre-eminent boom town. But can the strong price growth continue?

Despite the economic turmoil of Western economies, the urbanisation of China, India and other emerging Asian economies continue to relentlessly demand iron ore and other commodities.

Today, iron ore exports (valued at $29bn in 2009) are the key reason why the mining industry now produces $4 in every $100 produced by Australian industry (over 4% of Gross Domestic Product).

Port Hedland is at the forefront of Australia’s mining boom, with its population growing from 13,000 in 2001 to some 19,000 today as tens of billions of dollars' worth of iron from the Pilbara region are shipped out of its port.

The LGA predicts that the town of Port Hedland's population will surge to 27,000 by 2015 and 40,000 by 2025, and $562m is to be spent on improving the town’s amenities over the next five years. Plus, with no easy solution to Port Hedland’s chronic land shortage, the town’s property market is likely to continue soaring for years to come.Full summary
The urbanisation of China and its demand for steel has turned iron ore-exporting Port Hedland into Australia’s pre-eminent boom town. But can the strong price growth continue?
 
Despite the economic turmoil of Western economies, the urbanisation of China, India and other emerging Asian economies continue to relentlessly demand iron ore and other commodities.
 
Today, iron ore exports (valued at $29bn in 2009) are the key reason why the mining industry now produces $4 in every $100 produced by Australian industry (over 4% of Gross Domestic Product).
 
Port Hedland is at the forefront of Australia’s mining boom, with its population growing from 13,000 in 2001 to some 19,000 today as tens of billions of dollars' worth of iron from the Pilbara region are shipped out of its port.
 
The LGA predicts that the town of Port Hedland's population will surge to 27,000 by 2015 and 40,000 by 2025, and $562m is to be spent on improving the town’s amenities over the next five years. Plus, with no easy solution to Port Hedland’s chronic land shortage, the town’s property market is likely to continue soaring for years to come.
 
Selling points: Positively geared property for investors, 10% plus ROI, massive constructions projects about to be announced, growing town infrastructure to support 50,000 people by year 2035 (currently 19,000 people)  Gina Rhineharts new mine “Roy Hill” has been announced and is moving into town early 2014 exporting Iron Ore from Hedland in September 2015 to meet contractual agreements, Expanding of the airport and Inner harbour to facilitate extra trade winds, an LNG plant is currently being considered for Hedland at the Boodarie site, a marina has been approved for the spoilbank.
 
Most sought-after properties: Mostly Investors seeking 10% plus returns and companies wishing to house company employees rather than renting….four bedroom and three bedroom houses are most popular at the moment the most sort after areas are Cooke Point and Pretty Pool.
 
Top amenities: All four major banks are in the main street, a novel restaurant/eatery called “The Train” which is in fact a stainless steel clad train sitting in the town centre which was previously in service in America then used by BHP Billition to transport dignitaries to the Newman mine, The four and a half star Esplanade hotel restored to high standards and one of two original pubs in Hedland, direct flights to Melbourne, Brisbane, Perth, Broome and a weekly international flight to Bali, Local 25m swimming pool and gym, fishing jetty, Woolworths Supermarket, caravan park, post office, Chamber of commerce.
 
Local industry and business: Major Mining companies exporting Iron Ore, manganese and Salt from our natural Inner harbour, the Port Authority and its supporting service companies, fabrication and engineering companies that sub-contract to major and minor Mining companies, Qantas and Virgin airlines, Cattle export, Multiple trucking companies, tourism, visiting cruise liners, corporate cleaning/catering businesses, four major Real Estate companies, 
 
Recent changes: The landscape around the town centre is still ongoing with greening and beautification programs, Infrastructure like Water/Power and Roads are having massive upgrades, a re-adjustment is happening with rental and sale prices, new hospital 3 years ago, new police station 2 years ago, a new town CEO, zoning changes to higher density, a slowdown in construction work but increased exports from our harbour.
 
Best streets: Sutherland & Kingsmill Streets as they face the ocean, streets that have high density zoning are also popular
 
Public transport: Buses between Port and South Hedland (13 minute drive between the two)
 
Main arteries: Wallwork/Great Northern Highway and Wilson Street connect Port and South Hedland, Anderson Street/Sutherland Street/McGregor and Athol Street are arterial in Port Hedland
Close
HOUSE UNIT
$470,000 N/A
-14.55% N/A
-44.71% N/A
4.40% N/A
$700 N/A
42 N/A
7.74% N/A
117.08 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 3773
Median household income ($/weekly) 2848
Median age of persons 33
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 505 13.4
    25-34 years 781 20.7
    35-44 years 730 19.4
    45-54 years 600 15.9
    55-64 years 333 8.8
    Others 822 21.8
    Age Group
    Census Count Percent(%)
    Registered Married 1003 51.2
    Not Married 608 31.1
    Defacto Relationship 347 17.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2290 75.1
    Papua New Guinea 188 6.2
    South Africa 53 1.7
    United Kingdom 156 5.1
    Other 130 4.3
    Others 231 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 2.1
    Christianity 1892 64.7
    Islam 34 1.2
    Australian Aboriginal Traditional Religions 39 1.3
    No Religion 863 29.5
    Others 37 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 72 8.1
    $2,500-$2,999 263 29.6
    $3,000-$3,499 106 11.9
    $3,500 -$3,999 78 8.8
    $4,000 or more 181 20.4
    Others 189 21.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1562 65.8
    Not in the labour force 355 15.0
    Employed, worked part-time 250 10.5
    Employed, away from work 145 6.1
    Unemployed, looking for work 62 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 308 15.7
    Professionals 375 19.2
    Technicians & trades workers 436 22.3
    Clerical & administrative workers 295 15.1
    Labourers 180 9.2
    Others 363 18.5
    Occupation
    Census Count Percent(%)
    Pre-school 47 7.3
    Infants/Primary 348 53.9
    Secondary 95 14.7
    Technical or Further Educational Institution 74 11.5
    University or other Tertiary Institutions 69 10.7
    Others 13 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2078 77.0
    Semi-detached, row or terrace house, townhouse 344 12.7
    Flat, unit or apartment 202 7.5
    Caravan, cabin, houseboat 75 2.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 734 78.6
    Being purchased 116 12.4
    Fully owned 81 8.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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