KALGOORLIE, 6430 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $285,000.
Profits due to an downward trend in home prices in the suburb averaged -1.13% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $350 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 114.3 days.
In 2016, 31 properties were sold in KALGOORLIE during the past year, making it the 153rd most active market in WA based on total real estate transactions.
KALGOORLIE, 6430 has a capital gain of -4% for the past year, which is higher than average compared to its -25.33% growth within a five-year period.
With the median home price in KALGOORLIE sitting at $168,000, and the average rent at $285, property owners could potentially earn a 8.82% increase in gross rental yield.
Property investors have seen a -5.35% drop in KALGOORLIE based on a decrease 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 -1.83% decrease over a ten-year period. It ranks 1682nd on our list of suburbs that property investors should look into.