Kalgoorlie

POSTAL CODE: WA, 6430

HOUSE

UNIT

KALGOORLIE, 6430 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling KALGOORLIE, 6430 values up and netting property investors a capital gain of 37.23% for the past year.

Investors saw the median home price rise to $470,000.

Profits due to an upward trend in home prices in the suburb averaged 18.03% per annum over a 3-year period.

KALGOORLIE now ranks at the 29th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in KALGOORLIE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $700 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KALGOORLIE, homes and units usually stay on listing for an average of 43.1 days.

In 2016, 117 properties were sold in KALGOORLIE during the past year, making it the 441st most active market in WA based on total real estate transactions.

KALGOORLIE ranks 20th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

KALGOORLIE, 6430 has a capital gain of 0% for the past year, which is lower than average compared to its 95.93% growth within a five-year period.

With the median home price in KALGOORLIE sitting at $421,250, and the average rent at $580, property owners could potentially earn a 7.16% increase in gross rental yield.

Property investors have seen a 6.65% gain in KALGOORLIE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that KALGOORLIE, 6430 obtained a 7.56% growth over a ten-year period. It ranks 433rd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$470,000	$421,250
Growth Report
Median Quarterly	14.63%	6.65%
Median 12 month	37.23%	0%
Median 3 years	54.1%	87.22%
Median 5 years	72.48%	95.93%
10 years average annual	6.91%	7.56%
Weekly media advert. rent	$700	$580
Time on Market	43.1 days	38.6 days
Gross Rental Yield Percent	7.74%	7.16%

Demographics (Median Values)*

Total Population 22746

Weekly Household Income 2186

Household Size 2.70

Average Age 32

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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