Suburb Profile Report for South Hedland WA (6722)

South Hedland House: Median price $288,000, Annual capital growth 7.26%, Number of sales 114, Weekly median advertised rent $400

South Hedland Unit: Median price $95,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

South Hedland6722 is located in WA which offers an average discount of -8.22% to property investors. South Hedland itself is showing figures that indicate -23.12% is the average achievable by property buyers investing in the suburb.

With the median price for a house in South Hedland being $288000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 7.22%

In the last year 10 properties changed hands in South Hedland, which puts it as the 114th most active market in WA when comparing the number of sales per suburb.

Advertised rents are around the $300 mark per week – giving a return of 16.42% based on the median price in Suburb

Hayden Crawford Information supplied by:

Hayden Crawford
Crawford Realty

M 0488070067
O

W www.crawfordrealty.com.au
E hayden@crawfordrealty.com.au
South Hedland is being targeted by the Western Australian government as the next big thing in the Pilbara, with $380 million in funding recently spent on re-developing the town's amenities. The plan is to have the area ready for a population of another 30,000 people over the next decade or so.
Upgrades have included a new hospital, state of the art recreation centre and education facilities.
Currently, the suburb is heavily driven by the resources sector, with massive rents on offer and a vacancy rate of less than 1%. Further expansions in the works by BHP and other companies are providing investors with confidence that the town's economy will thrive for a long time yet.
Returns of 12 and 13% are achievable in South Hedland for the savvy investor.Full summary

Selling points: Heavily positively geared investment returns of up to 12% and 13%, with the added bonus of steady 8-10% capital growth per annum on top of your rental return profit, makes it one of the most attractive investment regions in Australia.

Port Hedland’s strategically-located export port makes it a vital artery for Australia’s exports (predominantly iron ore) and for its economy as a whole. This is why it is different from other mining areas within Australia that may be showing similar returns. The port gives security and confidence to property investors that the resource and mining projects are continuing here long term and the region is not just a mining boom area.

Most sought after properties: As our supply of available housing is extremely low, with vacancy rates below 1%, demand for all sales and rental housing is high.

New four by two or five by two houses are rare in the current market and always attract a premium rental price from executive tenants, while increasing in value especially well upon re-sale.

As with most suburbs around Australia, having a nice double garage with a bit of yard and high standard of finish in the building is always received well.

Most common properties: The suburb is predominantly filled with mid ‘70s and mid ‘80s brick veneer properties; a mixture of standard condition and partially to fully renovated versions with extras or pools added.

These are predominantly selling around the $799,000 to $840,000 range (with pools for around $900,000 plus), with a rental achievability of between $1,850 to $2,000 per week ($2,150 with pools).

Top amenities: Recently South Hedland has had around $380 million spent on it to re-develop the town’s amenities as part of the state government’s plan to expand the town by an additional 30,000 people in the next 10 to 12 years. The last 18 months have seen a brand new hospital built, which is the largest in the Pilbara region; a $35 Million state of the art recreational centre; community water park; and an upgrade of the youth centres and TAFE colleges to come. This is part of a plan to turn South Hedland into a Pilbara city of the North, which has support from the state government, Royalty for Regions programs and major resources companies such as BHP and Rio Tinto.

Local industry and business: The main industry driving the property market is the resources sector, mainly focused around iron ore, with Port Hedland’s port being the largest export port in Australia. Once BHP construct and build their outer harbour expansion between 2013 and 2025, it will be the largest export tonnage port in the world. There are major operations in the works from BHP, Rio Tinto, FMG and Hancock Prospecting, to name a few. Further to iron ore, the area has salt exports, magnesium and copper, and an industrial tourism industry, which is expanding with growing interest from South East Asia. There are also 300 to 400 mid-level company employers based in the town.

Recent changes:  As per the above information, there has been an injection of change and development in the last two years.

Best streets: The most executive streets in the suburb are Cockatoo Court, Arabella Street, Mystery Court, Stanley and Kennedy Street new estates, Daylesford Close and many more. New developments are seeing other areas upgrade their status quickly.

Public transport: Local public transport is mostly non-existent, with people having their own cars, due to the proximity of amenities and services to housing.

Main arteries: Main entry points in and out of South Hedland include the Great Northern Highway, which enters into South Hedland, then continues on towards Port Hedland and main roads through to Broome as well.

Close
HOUSE UNIT
$288,000 $95,000
-18.87% N/A
N/A N/A
7.26% N/A
$400 $300
114 10
7.22% 16.42%
127.3 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
Find a mortgage broker in South Hedland WA
Demographics
Total population 9376
Median household income ($/weekly) 2816
Median age of persons 29
Median housing loan repayment ($/monthly) 2600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1366 14.6
    20-24 years 894 9.5
    25-34 years 1950 20.8
    35-44 years 1514 16.1
    45-54 years 1272 13.6
    Others 2381 25.4
    Age Group
    Census Count Percent(%)
    Registered Married 2008 38.9
    Not Married 1996 38.7
    Defacto Relationship 1158 22.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5899 79.5
    Papua New Guinea 455 6.1
    South Africa 101 1.4
    United Kingdom 275 3.7
    Other 197 2.7
    Others 494 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 113 1.6
    Christianity 4110 58.1
    Hinduism 58 0.8
    Islam 358 5.1
    No Religion 2392 33.8
    Others 46 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 206 10.0
    $2,500-$2,999 477 23.1
    $3,000-$3,499 251 12.1
    $3,500 -$3,999 214 10.4
    $4,000 or more 396 19.2
    Others 523 25.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3426 60.0
    Not in the labour force 1074 18.8
    Employed, worked part-time 657 11.5
    Employed, away from work 356 6.2
    Unemployed, looking for work 201 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 546 12.3
    Technicians & trades workers 1152 26.0
    Clerical & administrative workers 606 13.7
    Machinery operators & drivers 660 14.9
    Labourers 510 11.5
    Others 963 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 118 7.7
    Infants/Primary 741 48.2
    Secondary 325 21.2
    Technical or Further Educational Institution 204 13.3
    University or other Tertiary Institutions 112 7.3
    Others 36 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5460 76.0
    Semi-detached, row or terrace house, townhouse 1068 14.9
    Flat, unit or apartment 377 5.2
    Caravan, cabin, houseboat 223 3.1
    Improvised home, tent, sleepers out 53 0.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1636 69.5
    Being purchased 466 19.8
    Fully owned 233 9.9
    Other tenure type 19 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals