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 16.42% for the past year.

Investors saw the median home price rise to $390,000.

Profits due to an upward trend in home prices in the suburb averaged 8.43% per annum over a 3-year period.

KALGOORLIE now ranks at the 100th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $670 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 56.1 days.

In 2016, 107 properties were sold in KALGOORLIE during the past year, making it the 424th most active market in WA based on total real estate transactions.

KALGOORLIE ranks 17th 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 31.36% for the past year, which is higher than average compared to its 76.14% growth within a five-year period.

KALGOORLIE, 6430 ranks 85th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.36% for property investors last year.

With the median home price in KALGOORLIE sitting at $387,500, and the average rent at $555, property owners could potentially earn a 7.45% increase in gross rental yield.

Property investors have seen a 18.5% gain in KALGOORLIE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on KALGOORLIE, 6430 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 31.36%.

A survey of average capital gains or median home price increase in suburbs across the country shows that KALGOORLIE, 6430 obtained a 12.34% growth over a ten-year period. It ranks 1273rd 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	$390,000	$387,500
Growth Report
Median Quarterly	6.85%	18.5%
Median 12 month	16.42%	31.36%
Median 3 years	25.3%	77.35%
Median 5 years	44.44%	76.14%
10 years average annual	2.82%	12.34%
Weekly media advert. rent	$670	$555
Time on Market	56.1 days	50 days
Gross Rental Yield Percent	8.93%	7.45%

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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