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.