Suburb Profile Report for Kalgoorlie WA (6430)

Kalgoorlie House: Median price $274,500, Annual capital growth -0.29%, Number of sales 60, Weekly median advertised rent $350

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Kalgoorlie has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -6.15% to date .

Comparing Kalgoorlie,6430 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

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 Kalgoorlie, 6430. Typically our figures indicate that -12.75% is being offered, which puts this WA suburb at 82th most discounted overall in Australia.

At number 2446 in a list of fastest selling suburbs, Kalgoorlie is in the bottom 40% of suburbs in Australia with an average of days on market 90.1395 for properties listed there.

Mark Brennan Information supplied by:

Mark Brennan
John Matthew and Sons

M 0417 907 787
O (08) 9080 1900

W www.jmsons.com.au
E mrb@jmsons.com.au

Selling points: Kalgoorlie-Boulder is a city of just over 30,000 people, being the home of the ‘Super Pit’, one of the largest open-cut gold mines in the world. Significant nickel deposits exist in the area, and it’s a service centre for the whole north-eastern goldfields. There is a large government sector based in the area and very strong rental returns have always been a feature of the real estate scene.

Most sought after properties: Character houses are always in demand, but with the current very low vacancy rate (around 1%) two by two units and three by two units are keenly sought after.

Sales in the $350,000 - $450,000 range are currently most common for owner occupiers, whilst investors are seeking and finding, 8% - 9% returns on purchase prices of $220,000 - $290,000.

Most common properties: The housing market in Kalgoorlie has matured greatly in the last 10 years, with modern estates popping up to satisfy demand for good quality family homes.  New four by twos with pool and shed can be purchased for $550,000 - $600,000. These properties will be rented out for $650 - $700 per week.

Top amenities: Although a working town, sport has always been a feature of living on the Goldfields with every conceivable junior sport available to families. Cafes and good quality restaurants have sprung up and with direct flights to Adelaide and Melbourne available several times a week, Kalgoorlie-Boulder is a very easy place in which to live.

Local industry and business: Mining, education, police and health make up a significant proportion of the local population, with the mining services and support industries being the main players.

Recent changes: An active city council has implemented a wonderful ‘greening’ of the city, and with the recent addition of a world class, grassed golf course, with resort to come, living in Kalgoorlie-Boulder just keeps on getting better.

Best streets: The beauty of Kalgoorlie-Boulder real estate is its diversity.  From beautiful turn of the century character homes in wide, tree lived streets, to modern 2 x 2 apartments, or comfortable family homes still on 1012m² lots, with sheds/pools/yard for the kids, the choice is there for a wide variety of family structures and just as importantly, budgets.

Public transport: Daily train services to Perth and numerous daily flights to and from Perth, eliminate any feeling previous feelings of isolation. 

Main arteries: With 400km to the beautiful beaches of Esperance, a very good highway to Perth, or just over a two hour flight to Adelaide, which then opens up the rest of Australia to the residents of Kalgoorlie-Boulder.... it just keeps getting better.

Metrics i HOUSE UNIT
$274,500 N/A
1.29% N/A
-6.15% N/A
-0.29% N/A
$350 N/A
60 N/A
6.63% N/A
90.1395348837209 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 4244
Median household income ($/weekly) 1820
Median age of persons 31
Median housing loan repayment ($/monthly) 1842
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 442 10.4
    20-24 years 471 11.1
    25-34 years 877 20.7
    35-44 years 640 15.1
    45-54 years 621 14.6
    Others 1193 28.1
    Age Group
    Census Count Percent(%)
    Not Married 1088 43.7
    Registered Married 960 38.5
    Defacto Relationship 444 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2383 67.6
    Papua New Guinea 376 10.7
    Philippines 129 3.7
    United Kingdom 129 3.7
    Other 143 4.1
    Others 367 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.7
    Christianity 2167 65.2
    Hinduism 40 1.2
    Islam 31 0.9
    No Religion 1000 30.1
    Others 32 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 84 7.2
    $1,500-$1,999 184 15.7
    $2,000-$2,499 119 10.1
    $2,500-$2,999 183 15.6
    $3,000-$3,499 109 9.3
    Others 494 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1617 55.6
    Not in the labour force 638 21.9
    Employed, worked part-time 426 14.6
    Employed, away from work 121 4.2
    Unemployed, looking for work 108 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 356 16.5
    Technicians & trades workers 423 19.6
    Clerical & administrative workers 248 11.5
    Machinery operators & drivers 348 16.1
    Labourers 235 10.9
    Others 552 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.2
    Infants/Primary 256 34.4
    Secondary 143 19.2
    Technical or Further Educational Institution 67 9.0
    University or other Tertiary Institutions 220 29.6
    Others 12 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2277 72.9
    Semi-detached, row or terrace house, townhouse 425 13.6
    Flat, unit or apartment 410 13.1
    House or flat attached to a shop, office 12 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 648 50.2
    Being purchased 429 33.3
    Fully owned 207 16.0
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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