Suburb Profile Report for South Hedland WA (6722)

South Hedland House: Median price $209,500, Annual capital growth -4.84%, Number of sales 201, Weekly median advertised rent $400

South Hedland Unit: Median price $114,000, Annual capital growth 3.38%, Number of sales 49, Weekly median advertised rent $300

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Investment property in South Hedland has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.44%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Hedland has fallen somewhat when compared to the 5 year average annual rate.

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 South Hedland, 6722. Typically our figures indicate that -9.47% is being offered, which puts this WA suburb at 375th most discounted overall in Australia.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 9.93%, without taking into account capital value appreciation, which has been averaging out at -4.84%.

South Hedland, 6722 ranked 4th in WA when comparing growth in median property values or capital gain over the last 12 months. South Hedland is one of 1662 in our list for WA

South Hedland,6722 was ranked 409 in Australia by increase in median property value over the quarter.

South Hedland6722 is located in WA which offers an average discount of -9.70% to property investors. South Hedland itself is showing figures that indicate -12.99% is the average achievable by property buyers investing in the suburb.

South Hedland, 6722’s gross rental yield is 13.68%

Hayden Crawford Information supplied by:

Hayden Crawford
Crawford Realty

M 0488070067
O

W www.crawfordrealty.com.au
E hayden@crawfordrealty.com.au

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.

Metrics i HOUSE UNIT
$209,500 $114,000
4.75% 1.79%
7.44% 26.67%
-4.84% 3.38%
$400 $300
201 49
9.93% 13.68%
61.6111111111111 80.3589743589744

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 : Balanced (H), Below average (U)
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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
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