July – December 2020 (H2)
Goldfields-Esperance Housing and Land Summary
Publication: Goldfields Esperance Residential Housing & Land Summary Reporting period: 1 July—31 December 2020 Published: June 2021
Prepared by Urbis for the Goldfields-Esperance Development Commission. The information and data contained in this document were predominantly gathered from Pricefinder, and supplemented with data acquired from REIWA and SQM Research. No person should act on the basis of any matter contained in this document without considering and, if necessary, taking appropriate professional advice. Neither the Commission, Urbis, or any of the employees at these organisations undertake responsibility to any person or organisation in respect to this document.
Table of Contents Economic Overview
4
Residential Property Market Overview
5
Local Government Area Spotlights
10
- City of Kalgoorlie-Boulder
10
- Shire of Esperance
14
- Shire of Ravensthorpe
18
- Shire of Coolgardie
22
- Shire of Dundas
26
- Northern Goldfields and Ngaanyatjarra Lands
30
Kalgoorlie Suburb Spotlights
34
Region Overview
The Goldfields-Esperance region of Western Australia is vast and diverse, from the rich red deserts with mineral wealth, the magnificent Great Western Woodlands, to the iconic white sandy beaches and crystal clear waters of the Southern Ocean.
This housing and land summary was prepared to help inform stakeholders about housing market needs, supply trends and emerging issues. Profiling of each local government area is included and suburb profiles for the City of Kalgoorlie-Boulder.
The Goldfields-Esperance Development Commission supports economic and social development across the region’s nine local government areas.
Given relatively low population levels and the minimal residential market activity in the Northern Goldfields and Ngaanyatjarra lands local government authorities, a combined section details market trends in this area.
The Shire of Wiluna recently joined the Goldfields-Esperance region and will feature in future editions of this publication.
4
Economic Overview
The Goldfields-Esperance region supports approximately 31,000 jobs and produces an annual economic output of $21.6 billion (based on REMPLAN data for 2020). The key industries in the region is mining, which accounts for 61% of output and 33% of all employment. Other important industries in the region are health care & social assistance, retail trade, and education & training.
The labour market is expected to tighten further based on increasing job advertisement levels. Job advertisements (based on LMIP Vacancy report) for the Goldfields and Southern WA region (which includes the Goldfields-Esperance and Wheatbelt regions) have increased to an historical high of 1,957 as at March 2021. This is 69% above the five year average of 1,197.
The successful management of COVID-19 in Western Australia, high commodity prices, government stimulus measures and strengthening population growth in 2019 and early 2020 have translated to improving household and business confidence in the Goldfields-Esperance region; strengthening the contribution of the region to the economic growth of Western Australia.
Whilst population estimates are only available for the period to June 2020, activity indicators suggest that population and workforce levels have been steadily increasing in this region. According to Google mobility datasets, activity within workplaces in Kalgoorlie and Esperance is up between 13% and 25%. Other timely datasets such as traffic volumes and payroll employment notifications increased over the 2020 and early 2021 period.
Unemployment levels in the GoldfieldsEsperance region have been rapidly declining, with the unemployment rate falling from 5.6% to 4.4% over March to December 2020. In the City of Kalgoorlie-Boulder, this trend is more apparent, with the unemployment rate falling from 4.4% to 3.6% over this same period. Alongside declining unemployment levels, businesses are reporting significant challenges attracting and accommodating staff in the region.
4.4% Unemployment Rate (Dec 2020)
+69% Increase in Monthly Job Advertisements in WA (JunDec 2020 vs 5-year average)
5
Residential Property Market Overview
The Goldfields-Esperance region’s housing markets are characterised by larger urban areas such as Kalgoorlie and Esperance, small established towns, rural properties, remote Aboriginal communities and mining camps.
The Homebuilder and Building Bonus stimulus measures for new home construction helped increase building activity across the GoldfieldsEsperance region. The number of new land sales increased to 155 in the second half of 2020, which is the highest number of sales in a single Overall, the region’s established housing market half over the past decade. While land prices did strengthened in the second half of 2020. In the decline slightly, this is due to smaller lots being second half of 2020, transactions for houses sold in this period that typically did not sell as increased to the highest levels since 2013 and the frequently in the region and does not reflect a median house price for the region increased by weakening of the market. 21% over the year to December 2020. Land subdivision activity increased substantially in Improving labour market and economic conditions the Goldfields-Esperance region during 2020, with have coincided with tightening rental market the State Lot activity report recording 182 lot conditions. The rental vacancy rate fell from 3.3% subdivisions proposed in the 2020 calendar year in December 2019 to 1.6% in December 2020 and compared to 107 in the 2019 calendar year. average weekly rents increased from $320 to Despite the increasing housing supply in the $340 from June to December of 2020. region, this new supply is primarily limited to Kalgoorlie and, to a lesser extent, Esperance. Rental markets have continued to tighten in early Moreover, there are few developer estates that 2021 and, since the moratorium on rental currently have stock on the market and there is increases ended in March of 2021, it is common difficulty in servicing new lots due to relatively to see dwellings listed for $80-$120 (per week) high lot servicing costs; costs influenced by above their previous listing. Stakeholder liaison construction labour force and materials availability indicates that the lack of rental stock is having a and costs due to competition from other sectors of strong negative effect on worker attraction and the economy. retention. Appropriate housing is critical to supporting the It is important to note that many communities in economic development and liveability of the the region do not have a formal rental market and region and, as this summary demonstrates, there rely on State Government provided social and are a range of housing availability challenges government officers accommodation. present.
6
Goldfields-Esperance Residential Sales Overview Residential Market Trends 2010 - 2020
Key Statistics
Median House Price, Jun – Dec 2020
700 600 500 400 300 200 100 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
+21%
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
$300,000
Median Price
House Price & Transaction Volume
1 Year Median House Price Growth rate, H2 2019 – H2 2020
GRAPH TBC
Number of Transactions
Median Price
Median Unit Price, Jun – Dec 2020
140 120 100 80 60 40 20 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
+10%
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
1 Year Median Unit Price Growth Rate, H2 2019 – H2 2020
Number of Transactions
Number of Transactions
$220,000
Median Price
Unit Price & Transaction Volume
Median Price
Median Vacant Land Price, Jun – Dec 2020
-30% 1 Year Median Vacant Land Price Growth Rate, H2 2019 – H2 2020
GRAPH TBC
180 160 140 120 100 80 60 40 20 0
$250,000 $200,000 $150,000 $100,000 $50,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$145,000
Median Price
$300,000
Number of Transactions Source: Settled Sales Sourced from Pricefinder
Number of Transactions
Vacant Price & Transaction Volume
Median Price
7
Goldfields-Esperance Residential Sales Overview Key Statistics
Discount on Original Price 2010 - 2020 0.0%
729
-2.0%
Property Transactions, Jul – Dec 2020
Average Discount
-4.0%
-8% Average Discount On Listing Price, Jul – Dec 2020
-6.0% -8.0% -10.0%
GRAPH TBC
-12.0% -14.0% -16.0%
130
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
-18.0%
Average Days to Sell, Jul – Dec 2020
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$300,000
$220,000
$145,000
10-Year Average
$301,286
$241,476
$194,857
Variation from Avg. Price
-0.4%
-9%
-26%
Number of Transactions
519
55
155
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
+21%
+10%
-30%
3 Year (Dec 2017-2020)
+2%
+7%
-18%
5 Year (Dec 2015-2020)
0%
+1%
-6%
10 Year (Dec 2010-2020)
-1%
-1%
-2%
Price Growth
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$205,000
$195,000
$267,000
$411,000
$300,000
Unit
$187,000
$176,500
$285,000
$645,000
$220,000
Source: Settled Sales Sourced from Pricefinder
8
Goldfields-Esperance Rental Overview Rental Market Trends 2010 - 2020
Rental Statistics
656 Dwellings Leased, Jul – Dec 2020
$350
500 450 400 350 300 250 200 150 100 50 0
Median Price
$340
$340 Median Weekly Rent, Jul – Dec 2020
$330 $320 $310
GRAPH TBC
$300 $290
+$20 (+6.3%)
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
$280
Number of Transactions
Dwellings Leased and Rents
Increase in Median Weekly Rent, Jul – Dec 2020
Dwellings Leased
22
Median Weekly Rent
Median Days To Lease
Median Days to Lease, Jul – Dec 2020
60 50
1.6% Vacancy Rate, December 2020, from 3.3% in December 2019
Days
40 30 20 10
134
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
0
Dwellings Listed For Rent, December 2020
Rental Market Summary, July – December 2020 House
$180
$270
$335
$450
5+ Bedroom $556
Unit
$256
$283
$346
$486
-
Rent by Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
Overall
$353 $300
* Weighted average of September and December 2020 quarters Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
9
City of Kalgoorlie-Boulder Spotlight
Residential Market The City of Kalgoorlie-Boulder is the largest residential market in the Goldfields-Esperance region. The market is characterised by a range of established suburbs and moderate infill and land subdivision. The Kalgoorlie-Boulder market recorded a substantial level of transaction and price growth in the second half of 2020, with the median house price increasing 15% from December 2019 to December 2020. The number of vacant land transactions also increased substantially (to 54 compared to the five year average of 36 sales). While the median price for land declined from 2019 to 2020, this is due to a higher proportion of smaller lots being purchased, rather than a decline in value of comparably sized lots.
+15% Median House Price Change
+6% Asking Rental Price
The rental vacancy rate in Kalgoorlie-Boulder is very low at 1.35% at the end of 2020 and median weekly house rents have increased by $20 from June to December of 2020. Stakeholders indicated that the low availability of housing is impacting on the ability to attract required workers. Population & Demographics Kalgoorlie-Boulder is home to an estimated 29,055 people and over the past five years estimated residential population levels declined by an average of 1.8% per annum. However, it should be noted that Kalgoorlie-Boulder has a substantial and growing non-resident workforce which isn’t reflected in population statistics, but has a significant impact on the residential market, particularly in the form of rental demand.
$1,800/m Median Mortgage Repayment
$2,080/wk Median Household Income
10
City of Kalgoorlie-Boulder Residential Sales Overview Residential Market Trends, 2010 - 2020
Key Statistics
Median House Price, Jul – Dec 2020
15%
Median Price
$310,000
600 500 400 300 200 100 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median House Price Growth rate, H2 2019 – H2 2020
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
House Price & Transaction Volume
GRAPH TBC
Number of Transactions
Median Price
Median Unit Price, Jul – Dec 2020
19%
Median Price
$235,000
120
100 80 60 40 20 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median Unit Price Growth Rate, H2 2019 – H2 2020
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
Unit Price & Transaction Volume
Number of Transactions
Median Price
Vacant Land Price & Transaction Volume
-25% 1 Year Median Vacant Land Price Growth Rate, H2 2019 – H2 2020
$250,000
100
$200,000
80
$150,000
60
$100,000
40
$50,000
20
$0
0
Number of Transactions Source: Settled Sales Sourced from Pricefinder
Number of Transactions
Median Vacant Land Price, Jul – Dec 2020
120
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$169,000
Median Price
GRAPH TBC
$300,000
Median Price
11
City of Kalgoorlie-Boulder Residential Sales Overview Key Statistics
Discount on Original Price, 2010 - 2020 0.0%
418 Average Discount
-2.0%
Property Transactions, Jul – Dec 2020
-6% Average Discount On Listing Price, Jul – Dec 2020
-4.0% -6.0% -8.0% -10.0%
GRAPH TBC
-12.0% H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
-14.0%
116 Average Days to Sell, Jul – Dec 2020
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$310,000
$235,000
$169,000
10-Year Average
$316,369
$243,024
$210,012
Variation from Avg.
-2%
-3%
-20%
Number of Transactions
325
39
54
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
+15%
+19%
-25%
3 Year (Dec 2017-2020)
+2%
+7%
-4%
5 Year (Dec 2015-2020)
+0%
+1%
-3%
10 Year (Dec 2010-2020)
-1%
-1%
-3%
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$197,627
$190,500
$270,000
$429,000
$310,000
Unit
$187,000
$192,500
$280,000
$645,000
$235,000
Source: Settled Sales Sourced from Pricefinder
12
City of Kalgoorlie-Boulder Rental Overview Rental Market Trends, 2010 - 2020
Rental Statistics
Dwellings Leased and Rents $355 $350 $345 $340 $335 $330 $325 $320 $315 $310 $305
$350 Median Weekly Rent, Jul – Dec 2020
400 350 300 250 200 150
GRAPH TBC
100 50
0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Median Price
Dwellings Leased, Jul – Dec 2020
Number of Transactions
494
+$20 (+6%) Increase in Median Weekly Rent, Jul – Dec 2020
Dwellings Leased
22
Median Weekly Rent
Median Days To Lease
Median Days to Lease, Jul – Dec 2020
60 50
1.35% Days
40
Vacancy Rate, December 2020, from 2.3% in December 2019
30 20 10
71
0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Dwellings Listed For Rent, Dec 2020
Rental Market Summary, 2010 - 2020 House
$180
$302
$350
$488
5+ Bedroom $580
Unit
$255
$300
$366
$486
-
Rent by Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
Overall $376 $320
* Weighted average of September and December 2020 quarters Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
13
Shire of Esperance Spotlight
Residential Market Housing stock in the Shire of Esperance is largely comprised of single residential houses in Esperance and surrounding rural areas. There is relatively high level of holiday home stock as evidenced by the estimated 18% of dwellings unoccupied (as of 2016 Census). The Esperance market strengthened throughout the second half of 2020, with the median house price for the region increasing by 21% from December 2019 to December 2020. The rental market remains a major challenge, with a low number of dwellings listed for rent. The vacancy rate was one of the lowest in the region at 0.3% in December 2020 (down from 0.6% in December 2019).
The vacant land market in the region picked up substantially in the second half of 2020, with 62 sales recorded. This represents the highest sales rates for the past decade. While the median land price declined from 2019 to 2020, this is due to a change in the composition of lots sold rather than a fall in land value for comparably sized lots. Population & Demographics Esperance is home to an estimated 14,178 people. Population estimates demonstrate a decline of 0.77% per annum over the 2015-20 period however anecdotally population levels have increased, with Google movement data for workplaces up 25%. The Shire of Esperance’s median household income is 19.2% lower than the weekly average for Western Australia.
+18%
$1,733/m
Median House Price Change
Median Mortgage Repayment
2.4
$1,288/wk
Average Household Size
Median Household Income
14
Shire of Esperance Residential Sales Overview Residential Market Trends, 2010 - 2020
Key Statistics
Median House Price, Jul – Dec 2020
21%
Median Price
$370,000
140 120 100 80 60 40 20 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median House Price Growth rate, H2 2019 – H2 2020
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
House Price & Transaction Volume
GRAPH TBC
Number of Transactions
18 16 14 12 10 8 6 4 2 0
$400,000 $300,000 $200,000 $100,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median Unit Price Growth rate, H2 2019 – H2 2020
Median Price
-15%
$500,000
Number of Transactions
Number of Transactions
Unit Price & Transaction Volume
$230,000 Median Unit Price, Jul – Dec 2020
Median Price
Median Price
-32% 1 Year Median Vacant Land Price Growth Rate, H2 2019 – H2 2020
70 60 50 40 30 20 10 0
$500,000 $400,000 $300,000 $200,000 $100,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median Vacant Land Price, Jul – Dec 2020
Median Price
$176,250
$600,000
Number of Transactions Source: Settled Sales Sourced from Pricefinder
Number of Transactions
Vacant Land Price & Transaction Volume GRAPH TBC
Median Price
15
Shire of Esperance Residential Sales Overview Key Statistics
Discount on Original Price, 2010 - 2020 0.0% -2.0%
Transactions for H2 2020
-4.0%
Average Discount
192
-11% Average Discount On Listing Price, H2 2019 – H2 2020
-6.0% -8.0% -10.0%
GRAPH TBC
-12.0% -14.0% -16.0%
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
157 Average Days to Sell, H2 2019 – H2 2020
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$370,000
$230,000
$176,250
10-Year Average
$350,476
$273,155
$238,159
Variation from Avg.
6%
-16%
-26%
Number of Transactions
123
7
62
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
21%
-15%
-32%
3 Year (Dec 2017-2020)
4%
-3%
-31%
5 Year (Dec 2015-2020)
2%
-4%
-2%
10 Year (Dec 2010-2020)
0%
-1%
-1%
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$252,500
$286,000
$345,000
$440,000
$370,000
Unit
-
$225,000
$300,000
-
$230,000
Source: Settled Sales Sourced from Pricefinder
16
Shire of Esperance Rental Overview Rental Market Trends, 2010 - 2020
Rental Statistics
93
$340
Dwellings Leased, Jul – Dec 2020
90 80 70 60 50 40 30 20 10 0
Median Price
$330
$290 Median Weekly Rent, Jul – Dec 2020
$320 $310 $300 $290
GRAPH TBC
$280 $270
-$40 (12%)
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
$260
Number of Transactions
Dwellings Leased and Rents
Decrease in Median Weekly Rent, Jul – Dec 2020
Dwellings Leased
20
Median Weekly Rent
Median Days to Lease
Median Days to Lease, Jul – Dec 2020
60 50
0.3%
Days
40
Vacancy Rate, December 2020, from 0.7% in December 2019
30 20 10
6
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
0
Dwellings Listed For Rent, Dec 2020
Rental Market Summary, 2010 - 2020 House
-
$234
$320
$427
5+ Bedroom -
Unit
-
$246
$290
-
-
Rent by Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
Overall $344 $275
* Weighted average of September and December 2020 quarters Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
17
Shire of Ravensthorpe Spotlight
Residential Market
Population & Demographics
The Shire of Ravensthorpe is comprised of the towns of Hopetoun and Ravensthorpe, and rural properties. The key industries in the area are nickel mining, and livestock and crop farming. As a result, the unit market in the Shire is very small with the vast majority of housing stock classified as detached houses.
Ravensthorpe is home to an estimated 1,566 people. Over the 2015-20 period, population levels were estimated to have declined by an average of 3.8% per annum. The resident population in the Shire of Ravensthorpe continues to fluctuate considerably due to changes in the local resources sector. Resource sector activity however has experienced an upswing over the last year or so, with the local resource sector seeking to use residential workforces.
The Shire of Ravensthorpe experienced a significant increase in median house prices in December 2020 compared to December of 2019 (+31%) and a significant increase in the level of sales activity. Additionally, the rental market experienced a sharp increase in rental prices (+$80) and an elevated number of transactions, although it is important to note that the Shire has a small formal rental market.
The Shire of Ravensthorpe’s monthly mortgage repayments are 39.8% lower than that of the Western Australian average and the median household income is 25% lower than the weekly average for Western Australia.
The land market experienced an increase in the number of transactions in the second half of 2020 (18 transactions were recorded in this period, primarily in Hopetoun).
+31%
$1,200/m
Median House Price Change
Median Mortgage Repayment
2.2
$1,196/wk
Average Household Size
Median Household Income
18
Shire of Ravensthorpe Residential Sales Overview Key Statistics
Residential Market Trends, 2010 - 2020
Median House Price, Jul – Dec 2020
31%
Median Price
$215,000
20 15 10 5 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median House Price Growth rate, H2 2019 – H2 2020
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
House Price & Transaction Volume
GRAPH TBC
Number of Transactions
25 20 15 10 5 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median Vacant Land Price Growth Rate, H2 2019 – H2 2020
Median Price
32%
$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
Number of Transactions
Number of Transactions
Vacant Price & Transaction Volume
$89,500 Median Vacant Land Price, Jul – Dec 2020
Median Price
Median Price
Source: Settled Sales Sourced from Pricefinder
GRAPH TBC
Ravensthorpe does not feature an active unit market, with only approximately 40 dwellings that would be considered units being recorded in the LGA as of the 2016 Census. As such, unit trends have not been featured.
19
Shire of Ravensthorpe Residential Sales Overview Key Statistics
Discount on Original Price, 2010 - 2020 0.0%
36
-5.0%
Average Discount
Transactions for H2 2020
-16% Average Discount On Listing Price, H2 2019 – H2 2020
-10.0% -15.0% -20.0%
GRAPH TBC
-25.0% -30.0% -35.0%
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
180 Average Days to Sell, H2 2019 – H2 2020
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$215,000
-
$89,500
10-Year Average
$211,690
-
$139,917
Variation from Avg.
2%
-
-36%
Number of Transactions
18
0
18
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
31%
-
32%
3 Year (Dec 2017-2020)
-8%
-
-47%
5 Year (Dec 2015-2020)
11%
-
-1%
10 Year (Dec 2010-2020)
1%
-
5%
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$352,000
$210,000
$190,000
$322,000
$215,000
Unit
-
-
-
-
-
Source: Settled Sales Sourced from Pricefinder
20
Shire of Ravensthorpe Rental Overview Rental Market Trends, 2010 - 2020
Rental Statistics
26 Median Price
Dwellings Leased, Jul – Dec 2020
$340 Median Weekly Rent, Jul – Dec 2020
+$40 (13%)
$400
18
$350
16
$300
14 12
$250
10
$200
8
$150
GRAPH TBC
6
$100
4
$50
2
$0
0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Increase in Median Weekly Rent, Jul – Dec 2020
Number of Transactions
Dwellings Leased and Rents
Dwellings Leased
34 Median Days to Lease, Jul – Dec 2020
Median Weekly Rent
Median Days to Lease 180 160 140 120 100 80 60 40 20 0
2.6% Vacancy Rate, December 2020, from 0.7% in December 2019
11
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Dwellings Listed For Rent, Jul – Dec 2020
Rental Market Summary, 2010 - 2020 Rent by Bedroom 1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom 5+ Bedroom
Overall
House
-
$252
$274
$348
-
$314
Unit
-
-
-
-
-
-
* Weighted average of September and December 2020 quarters Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
21
Shire of Coolgardie Spotlight
Residential Market
Population & Demographics
The Shire of Coolgardie features the townsites of Kambalda, supported by nickel and gold mining, and historic Coolgardie, which is developed around significant gold mining operations. Both towns have substantial nonresident workforces and a high proportion of employer provided housing which is not represented in housing market activity datasets.
The Shire of Coolgardie is home to an estimated 3,348 people as at 2020. Over the past 2015-20 period, the permanent population was estimated to have declined by an average of 3.02% per annum, though this does not accurately capture transient population levels.
The Shire of Coolgardie experienced a strong increase in the median house price (+18% over 2020) and increasing transaction levels.
The Shire of Coolgardie’s monthly mortgage repayments are 46.7% lower than that of the Western Australian average and the median household income is 13.2% higher than the weekly average for Western Australia.
Dwelling rents have increased moderately from $210 in 2019 to $220 per week in 2020, and the overall rental vacancy rate declined from 16.7% in December 2019 to 6.6% in December 2020. This is reflective of a strong increase in workers moving to the Shire over this period.
+18%
$1,083/m
Median House Price Change
Median Mortgage Repayment
2.5
$1,805/wk
Average Household Size
Median Household Income
22
Shire of Coolgardie Residential Sales Overview Residential Market Trends, 2010 - 2020
Key Statistics
18% 1 Year Median House Price Growth rate, H2 2019 – H2 2020
$180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
70 60 50 40 30 20 10 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Median Price
$100,000
Number of Transactions
House Price & Transaction Volume
GRAPH TBC
Number of Transactions
10 8 6
4 2 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Number Of Unit Transactions For This Period, H2 2019 – H2 2020
Median Price
9
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
Number of Transactions
Number of Transactions
Unit Price & Transaction Volume
$150,000 Median Unit Price, Jul – Dec 2020
Median Price
Median Price
-93% 1 Year Median Vacant Land Price Growth Rate, H2 2019 – H2 2020
$160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
18 16 14 12 10 8 6 4 2 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median Vacant Land Price
Median Price
$11,000
Number of Transactions Source: Settled Sales Sourced from Pricefinder
Number of Transactions
Vacant Land Price & Transaction Volume GRAPH TBC
Median Price
23
Shire of Coolgardie Residential Sales Overview Key Statistics
Discount on Original Price, 2010 - 2020 Vendor Discounting 0.0%
Property Transactions, Jul – Dec 2020
-5.0%
Average Discount
63 -14% Average Discount On Listing Price, H2 2019 – H2 2020
-10.0% -15.0%
GRAPH TBC
-20.0% -25.0% -30.0%
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
160 Average Days to Sell, H2 2019 – H2 2020
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$100,000
$150,000
$11,000
10-Year Average
$111,750
$161,400
$29,871
Variation from Avg.
-11%
-7%
-63%
Number of Transactions
37
9
17
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
18%
No Data
-93%
3 Year (Dec 2017-2020)
4%
35%
-50%
5 Year (Dec 2015-2020)
2%
12%
-5%
10 Year (Dec 2010-2020)
-2%
-2%
-3%
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
-
$56,500
$100,000
$175,000
$100,000
Unit
-
$135,000
-
-
$150,000
Source: Settled Sales Sourced from Pricefinder
24
Shire of Coolgardie Rental Overview Rental Market Trends, 2010 - 2020
Rental Statistics
$250
60
Dwellings Leased, Jul – Dec 2020
$200
50
Median Price
43 $220 Median Weekly Rent, Jul – Dec 2020
30 $100
GRAPH TBC
20
$50
10
$0
0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
+$10 (4.8%)
40
$150
Number of Transactions
Dwellings Leased and Rents
Increase in Median Weekly Rent, Jul – Dec 2020
Dwellings Leased
Median Weekly Rent
Median days to lease
27
140
Median Days to Lease, Jul – Dec 2020
120
100 Days
6.6% Vacancy Rate, December 2020, from 16.7% in December 2019
80 60 40 20
46
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
0
Dwellings Listed For Rent, Jul – Dec 2020
Rental Market Summary, 2010 - 2020 House
-
$190
$215
$244
5+ Bedroom -
Unit
-
$198
-
-
-
Rent by Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
Overall $220 $198
* Weighted average of September and December 2020 quarters Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
25
Shire of Dundas Spotlight
Residential Market
Population & Demographics
The Shire of Dundas’ main population area is the town of Norseman which has developed around the Norseman Gold Mine. Housing stock in the town is predominantly detached houses.
The Shire of Dundas is home to an estimated 711 people. Over the 2015-20 period, population levels were estimated to have declined by an average of 4.4% per annum. These population levels however do not accurately reflect the high transient worker population.
Mining camps and smaller communities in the Shire have high levels of employer provided housing which is not reflected in residential market statistics. As such, the Shire of Dundas residential market was relatively inactive in the second half of 2020. There was a small decline in the median house price of 4% recorded (from $47,000 to $45,000) and no new rental leases were recorded. Additionally, there were no rental dwellings listed for lease during this period.
-4%
The Shire of Dundas’ monthly mortgage repayments are 69.7% lower than that of the Western Australian average and the median household income is 50.2% lower than the weekly average for Western Australia.
$604/m
Median House Price Change
Median Mortgage Repayment
1.9
$794/wk
Average Household Size
Median Household Income
26
Shire of Dundas Residential Sales Overview Residential Market Trends, 2010 - 2020
Key Statistics
Median House Price, Jul – Dec 2020
-4%
Median Price
$45,000
18 16 14 12 10 8 6 4 2 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
1 Year Median House Price Growth rate, H2 2019 – H2 2020
$140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
Number of Transactions
House Price & Transaction Volume
GRAPH TBC
Number of Transactions
Median Price
1.2 1 0.8 0.6 0.4 0.2 0
Number of Transactions
Number of Transactions
Overall, there are approximately 13 dwellings that would be considered to be units in Dundas which impacts on unit transaction levels.
$140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
No unit transactions were recorded from July to December of 2020.
Median Price
Unit Price & Transaction Volume
Median Price
2 Number Of Vacant Land Transactions For This Period, H2 2019 – H2 2020
3.5 3 2.5 2 1.5 1 0.5 0
$20,000 $15,000 $10,000 $5,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median Vacant Land Price, Jul – Dec 2020
Median Price
$4,500
$25,000
Number of Transactions Source: Settled Sales Sourced from Pricefinder
Number of Transactions
Vacant Land Price & Transaction Volume GRAPH TBC
Median Price
27
Shire of Dundas Residential Sales Overview Key Statistics
Discount on Original Price, 2010 - 2020 0.0%
11
-10.0%
Average Discount
Property Transactions, Jul – Dec 2020
-24% Average Discount On Listing Price, H2 2019 – H2 2020
-20.0% -30.0% -40.0%
GRAPH TBC
-50.0% -60.0%
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
81 Average Days to Sell, H2 2019 – H2 2020
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$45,000
-
$4,500
10-Year Average
$42,807
$75,500
$8,138
Variation from Avg.
5%
-
-45%
Number of Transactions
9
0
2
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
-4%
-
-
3 Year (Dec 2017-2020)
4%
-
0%
5 Year (Dec 2015-2020)
0%
-
-
10 Year (Dec 2010-2020)
-9%
-
-11%
Price Growth
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
-
$36,500
$49,000
-
$45,000
Unit
-
-
-
-
-
Source: Settled Sales Sourced from Pricefinder
28
Shire of Dundas Rental Overview Rental Commentary
Rental Market Trends, 2010 - 2020
The Shire of Dundas does not feature an active formal rental market to the same extent as larger regional localities. The majority of dwellings leased in the Shire of Dundas occurs outside of the formal market, such as through private agreements and friends and family rather than through agents. As a result, there is limited data that can be sourced for the area, with the most recent listed property being rented in 2018.
Dwellings Leased and Rents 3.5
3
Median Price
$200
2.5 $150
2 1.5
$100
GRAPH TBC
$50
1 0.5 0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
$0
Number of Transactions
$250
Dwellings Leased
Corporate housing also makes up a portion of housing in Norseman, servicing nearby resource projects such as the Norseman Gold Project.
Median Weekly Rent
Median days to lease 70
60
Days
50 40 30
20 10
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
0
Tenure & Landlord Type, 2016 Tenure & Landlord Type Owned Outright or with a Mortgage Rented from a community group or from state housing authority Rented Privately Rented - Real Estate Agent Tenure type not applicable or stated Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
Number of Dwellings 200 10 99 6 460
29
Northern Goldfields & Ngaanyatjarra Lands
Residential Market Characteristics The Northern Goldfields & Ngaanyatjarra Lands areas (the Menzies, Laverton, Leonora and Ngaanyatjarruku LGAs) make up a large geographical area of the Goldfields-Esperance region. These areas are also responsible for significant economic activity in the region, with a number of mines operating and planned in Leonora, Laverton and Menzies. All local government areas feature relatively low population counts and have comparatively inactive property markets, particularly the formal rental markets. Given the high level of mining activity in the area, there is also a substantial non-resident workforce in the region that creates a demand for private rentals, though a large volume of accommodation for these workers is catered for at corporate mining accommodation camps. Population growth in this region is volatile and growth is typically dictated by mining employment (particularly in the Shire of Leonora which saw population rising from 1,501 people in 2006 to 2,628 people in 2011, before falling again to 1,491 in 2016). This area features a number of smaller mining camps and Aboriginal settlements, such as Leinster in Leonora and the Tjuntjuntjara Community in Menzies.
A result of this dynamic population growth, there is a low propensity to choose to purchase a home in the area. A consequence of this low number of transactions is that price levels tend substantially fluctuate and observed trends may be misleading. Furthermore, new residential development activity is low, with only approximately 20 private residential dwellings approved for construction over the past five years as per ABS building approval counts. These localities face a number of challenges due to the remote nature of townsites, with service provision and adequate staffing issues being experienced. Sufficient service provision is compounded by issues around the quality of Government Regional Officer Housing and social housing in the area, with stakeholders citing these as barriers to attracting and retaining residents and workers.
30
Northern Goldfields & Ngaanyatjarra Lands Residential Sales Overview’ Residential Market Trends, 2010 - 2020
Key Statistics
-31% 1 Year Median House Price Growth rate, H2 2019 – H2 2020
14 12 10 8 6 4 2 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Median Price
$55,000
Number of Transactions
House Price & Transaction Volume $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
GRAPH TBC
Number of Transactions
Median Price
$350,000
3.5
$300,000
3
$250,000
2.5
$200,000
2
$150,000
1.5
$100,000
1
$50,000
0.5 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$0
Number of Transactions
No unit transactions were recorded from July to December of 2020.
Median Price
Unit Price & Transaction Volume
Number of Transactions
Median Price
Vacant Land Price & Transaction Volume
Median Vacant Land Price, Jul – Dec 2020
-42% Number Of Vacant Land Transactions For This Period, H2 2019 – H2 2020
Median Price
$11,000
9 8 7 6 5 4 3 2 1 0
$40,000 $30,000 $20,000 $10,000 $0
Number of Transactions Source: Settled Sales Sourced from Pricefinder
Number of Transactions
GRAPH TBC
$50,000
Median Price
31
Northern Goldfields & Ngaanyatjarra Lands Residential Sales Overview’ LGA Summary, Jul – Dec 2020
Key Statistics
9
Median Price
Median House Price
Median Vacant Land Price
Property Transactions, Jul – Dec 2020
Shire of Menzies
NO DATA
$11,000
Shire of Laverton
$30,000
NO DATA
Shire of Leonora Shire of Ngaanyatjarruku
$105,000
NO DATA
NO DATA
NO DATA
-11%
GRAPH TBC
Average Discount On Listing Price, H2 2019 – H2 2020
Sales
House Sales
Vacant Land Sales
106
Shire of Menzies
0
2
Shire of Laverton
3
0
Average Days to Sell, H2 2019 – H2 2020
Shire of Leonora Shire of Ngaanyatjarruku
4
0
0
0
Residential Market Summary, Jul – Dec 2020 Sales Summary
House
Unit
Vacant Land
Median Price
$55,000
NO DATA
$11,000
10-Year Average
$77,024
$80,938
$18,838
Variation from Avg.
-29%
NO DATA
-42%
7
NO DATA
2
House
Unit
Vacant Land
1 Year (Dec 2019-2020)
-31%
NO DATA
-69%
3 Year (Dec 2017-2020)
-5%
NO DATA
-25%
5 Year (Dec 2015-2020)
-12%
NO DATA
-25%
10 Year (Dec 2010-2020)
-7%
NO DATA
-5%
Number of Transactions
Price Growth
Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
NO DATA
$55,000
$28,500
$167,500
$55,000
Unit
NO DATA
NO DATA
NO DATA
NO DATA
NO DATA
Source: Settled Sales Sourced from Pricefinder
32
Northern Goldfields & Ngaanyatjarra Lands Rental Overview Rental Market Trends, 2010 - 2020
Rental Commentary The rental market in the Northern Goldfields and Ngaanyatjarra Lands region features a high volume of social housing stock and there are few dwellings rented through real estate agents. As a result, rental market activity is very limited.
1.2
$250
1
$200
0.8
$150
0.6
$100
0.4
GRAPH TBC
$50
0.2
$0
0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Another issue with data collation in these localities is the high volume of non-responses to the ABS Census and the transient nature of both the workforce and a portion of the population. This provides less formal data to help build a full understanding of local housing issues.
$300
Number of Transactions
Median Price
Dwellings Leased and Rents
Dwellings Leased
Median Weekly Rent
Tenure & Landlord Type (no. of dwellings), 2016 Purchasing or owning home
Social Housing
Rented Privately
Laverton (S)
54
87
57
0
170
368
Leonora (S)
103
33
212
0
349
697
Menzies (S)
31
44
23
0
50
148
Ngaanyatjarraku (S)
18
275
88
0
186
567
Local Government Area
Rented from Tenure type not Real Estate applicable or Agent stated
Total
Source: Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
33
Kalgoorlie-Boulder Suburb Spotlights
Suburb Spotlight Overview
Suburbs Included
The City of Kalgoorlie-Boulder features the most varied composition of housing stock in the region. It is the only local government area in the region with a highly active unit and land market.
Data are only available for suburbs that have sufficient market activity to generate charts and statistics for the July to December period of 2020 (H2 2020).
The following pages provide an overview on the residential property markets in the suburbs within the City of Kalgoorlie-Boulder. These profiles identify the changes in median sales prices and transactions, changes in the rental market activity and key characteristics about average selling days.
These relevant suburbs are listed below ▪ Kalgoorlie ▪ Boulder ▪ Broadwood ▪ Hannans ▪ Karlkurla ▪ Lamington ▪ Piccadilly ▪ Somerville ▪ South Boulder ▪ South Kalgoorlie ▪ Victory Heights ▪ West Lamington
34
Kalgoorlie Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
80 70 60 50 40 30 20 10 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
$270,000 (+13%)
Median Price
House Prices
GRAPH TBC
Number of Transactions
$217,500 (-5%)
30 25 20 15 10 5
0
Median Dwelling Rents, Jul – Dec 2020
Number of Transactions
Number of Transactions
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$330 (+3%)
Unit Prices Median Price
Median Unit Price, Jul – Dec 2020
Median Price
Median Price
120 100 80 60 40 20 0
Dwellings Leased
Number of Transactions
Average Days to Sell , Jul – Dec 2020
$360 $350 $340 $330 $320 $310 $300 $290 $280 $270
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
91
Median Price
TBC DwellingsGRAPH Leased and Rents
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
35
Boulder Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
$202,000 (+31%)
Median Price
$300,000
Median House Price, Jul – Dec 2020
90 80 70 60 50 40 30 20 10 0
$250,000 $200,000 $150,000 $100,000 $50,000
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$0
Number of Transactions
House Prices
GRAPH TBC
Number of Transactions
$300,000
20
$250,000
15
$200,000 $150,000
10
$100,000
5
$50,000
0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$0
$330 (+10%)
Number of Transactions
Number of Transactions
Median Unit Price, Jul – Dec 2020
Unit Prices Median Price
$104,500 (+76%)
Median Price
Median Price
Median Dwelling Rents, Jul – Dec 2020 80 70 60 50 40 30 20 10 0
Dwellings Leased
Number of Transactions
Average Days to Sell, Jul – Dec 2020
$350 $300 $250 $200 $150 $100 $50 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
86
Median Price
TBC DwellingsGRAPH Leased and Rents
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
36
Broadwood Suburb Overview
House Prices 16 14 12 10 8 6 4 2 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
Number of Transactions
$595,000 (-7%)
Residential Market Trends, 2010 - 2020
Median Price
Key Statistics, 1 year Changes
GRAPH TBC
Number of Transactions
$655 (+7%)
Average Days to Sell, Jul – Dec 2020
4.5 4 3.5 3 2.5 2 1.5 1 0.5 0
Dwellings Leased
Number of Transactions
$800 $700 $600 $500 $400 $300 $200 $100 $0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
178
Dwellings Leased and Rents Median Price
Median Dwelling Rents, Jul – Dec 2020
Median Price
Median Weekly Rent
GRAPH TBC No unit transactions were recorded over the past decade in Broadwood. As a result, no trends have been presented.
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
37
Hannans Suburb Overview
House Prices $500,000
50
$400,000
40
$300,000
30
$200,000
20
$100,000
10
$0
0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Number of Transactions
$405,000 (+3%)
Residential Market Trends, 2010 - 2020
Median Price
Key Statistics, 1 year Changes
GRAPH TBC
Number of Transactions
Number of Transactions
Median Dwelling Rents, Jul – Dec 2020 $500
30
$400
25 20
$300
15 $200
10
$100
5
$0
0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Average Days to Sell, Jul – Dec 2020
Number of Transactions
Median Price
Dwellings Leased and Rents GRAPH TBC Median Price
134
8 7 6 5 4 3 2 1 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$445 (-1%)
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Dwellings Leased
Number of Transactions
Median Unit Price, Jul – Dec 2020
Unit Prices Median Price
$104,500 (+76%)
Median Price
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
38
Karlkurla Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
3.5 3 2.5 2 1.5 1 0.5 0
Number of Transactions
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Median Price
$525,000 (-36%)
House Prices
GRAPH TBC
Number of Transactions
$710 (+22%)
Average Days to Sell, Jul – Dec 2020
6 5 4 3 2 1 0
Dwellings Leased
Number of Transactions
$800 $700 $600 $500 $400 $300 $200 $100 $0 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
55
Dwellings Leased and Rents Median Price
Median Dwelling Rents, Jul – Dec 2020
Median Price
Median Weekly Rent
GRAPH TBC
No unit transactions were recorded over the past decade in Karlkurla. As a result, no trends have been presented.
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
39
Lamington Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
$385,000 (+46%)
Median Price
$500,000
70 60 50 40 30 20 10 0
$400,000 $300,000 $200,000 $100,000
Median House Price, Jul – Dec 2020
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$0
Number of Transactions
House Prices
GRAPH TBC
Number of Transactions
$340,000 (-12%)
4.5 4 3.5 3 2.5 2 1.5 1 0.5 0
Number of Transactions
Median Dwelling Rents, Jul – Dec 2020
Number of Transactions
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$420 (+27%)
Unit Prices Median Price
Median Unit Price, Jul – Dec 2020
Median Price
Median Price
30 25 20 15 10 5 0
Dwellings Leased
Number of Transactions
Average Days to Sell, Jul – Dec 2020
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
116
Median Price
GRAPH TBC Dwellings Leased and Rents
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
40
Piccadilly Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
$400,000
50 40
$300,000
30 $200,000
20
$100,000
10
$0
0
Number of Transactions
60
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Median Price
$277,500 (+27%)
House Prices $500,000
GRAPH TBC
$295,000 (+90%)
Median Price
$600,000
14 12 10 8 6 4 2 0
$500,000 $400,000 $300,000 $200,000 $100,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$360 (+20%)
Number of Transactions
Number of Transactions
Unit Prices Median Price
Median Unit Price, Jul – Dec 2020
Number of Transactions
Median Price
Median Dwelling Rents, Jul – Dec 2020 50 40 30 20 10
0
Dwellings Leased
Number of Transactions
Average Days to Sell, Jul – Dec 2020
$400 $350 $300 $250 $200 $150 $100 $50 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
91
Median Price
GRAPH TBC Dwellings Leased and Rents
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
41
Somerville Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
60
$500,000
50
$400,000
40
$300,000
30
$200,000
20
$100,000
10
$0
0
Number of Transactions
$600,000
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Median Price
$503,000 (+6%)
House Prices
GRAPH TBC
$266,000 (+24%)
Number of Transactions
Median Dwelling Rents, Jul – Dec 2020
Number of Transactions
Median Price
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0
60 50 40 30 20 10 0
Dwellings Leased
Number of Transactions
Median Price
Dwellings Leased and Rents GRAPH TBC
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Average Days to Sell, Jul – Dec 2020
35 30 25 20 15 10 5 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
$390 (+4%)
150
Median Price
Unit Prices Median Price
Median Unit Price, Jul – Dec 2020
Number of Transactions
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
42
South Boulder Suburb Overview
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
35 30 25 20 15 10 5 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
House Prices Number of Transactions
$180,000 (+16%)
Residential Market Trends, 2010 - 2020
Median Price
Key Statistics, 1 year Changes
GRAPH TBC
$305 (+13%)
Average Days to Sell, Jul – Dec 2020
8 7 6 5 4 3 2 1 0
Dwellings Leased
Number of Transactions
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
149
Median Price
Dwellings Leased and Rents Median Price
Median Dwelling Rents, Jul – Dec 2020
Number of Transactions
Median Weekly Rent
GRAPH TBC
No unit transactions were recorded over the past decade in South Boulder. As a result, no trends have been presented.
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
43
South Kalgoorlie Suburb Overview Residential Market Trends, 2010 - 2020
Key Statistics, 1 year Changes
100 80 60 40 20 0
Number of Transactions
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
Median Price
$269,500 (+4%)
House Prices
GRAPH TBC
Number of Transactions
$220,000 (+73%)
16 14 12 10 8 6 4 2 0 H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$350 (+9%)
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
Number of Transactions
Unit Prices Median Price
Median Unit Price, Jul – Dec 2020
Median Price
Median Price
Median Dwelling Rents, Jul – Dec 2020 60 50 40 30 20 10 0
Dwellings Leased
Number of Transactions
Average Days to Sell, Jul – Dec 2020
$400 $350 $300 $250 $200 $150 $100 $50 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
130
Median Price
GRAPH TBC Dwellings Leased and Rents
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
44
Victory Heights Suburb Overview
House Prices 16 14 12 10 8 6 4 2 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
$211,500 (+9%)
Residential Market Trends, 2010 - 2020
Median Price
Key Statistics, 1 year Changes
GRAPH TBC
Number of Transactions
$230,000 Median Unit Price, Jul – Dec 2020
Median Price
Median Price
$300,000
$255 (-25%)
8 7 6 5 4 3 2 1 0
$250,000 $200,000 $150,000 $100,000 $50,000
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
$0
Median Dwelling Rents, Jul – Dec 2020
Number of Transactions
Number of Transactions
Unit Prices
Median Price
$600
GRAPH TBC
Average Days to Sell, Jul – Dec 2020
$400 $300
$200 $100 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
51
Median Price
$500
9 8 7 6 5 4 3 2 1 0
Number of Transactions
Dwellings Leased and Rents
Dwellings Leased
Median Weekly Rent
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
45
West Lamington Suburb Overview Key Statistics, 1 year Changes
Residential Market Trends, 2010 - 2020
35 30 25 20 15 10 5 0
H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020
Median House Price, Jul – Dec 2020
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
$275,000 (-14%)
Median Price
House Prices
GRAPH TBC
$420 (-7%)
Number of Transactions
Median Dwelling Rents, Jul – Dec 2020
$500 $400 $300 $200 $100 $0
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Average Days to Sell, Jul – Dec 2020
14 12 10 8 6 4 2 0
Number of Transactions
Dwellings Leased and Rents Median Price
71
Median Price
Dwellings Leased Median Weekly Rent GRAPH TBC
No unit transactions were recorded over the past decade in West Lamington. As a result, no trends have been presented.
Source: Settled Sales Sourced from Pricefinder, Online Property Listings Provided by REIWA, Vacancy Rates Sourced from SQM Research
46
Data Sources Used to Inform Summary The table below lists the key data sources used to inform this report. Other data sources used in the commentary of this report have been referred to in the report text.
Dwelling Sales Volumes and Prices
Vendor Discounting, Average Days to Sell
Median Rents, Dwellings Leased, Median Days to Sell Dwellings Listed and Rental Vacancy Rate
Data sourced from Landgate via residential property data aggregator ‘Pricefinder’. Sales and price data is based on settled sales data as reported to Landgate. Data sourced from residential property listings via residential property data aggregator ‘Pricefinder’. Data is based on listings on relevant real estate websites such as Realestate.com.au, domain.com.au, and REIWA.com.au. Data sourced from REIWA, based on dwelling listings recorded by REIWA. Sourced from SQM Research, based on SQM Research’s monitoring of properties listed on major listing websites against the established dwelling volume as of the 2016 ABS census.
Average Household Size, Income, Mortgage Repayments
Data sourced from the ABS Census for 2016.
Tenure and Landlord Type
Data sourced from the ABS Census for 2016.
Appendix 01
Building Approvals Summary Residential Dwelling Approvals (no. of dwellings), 2018 - 2021
Monthly Dwelling Approvals
Dwelling Approvals 20 18 16 14 12 10 8 6 4 2 0
GRAPH TBC
Goldfields-Esperance
Non-Residential Approvals (Value), 2018 - 2021
Monthly Value of Approvals ($'000)
Non-Residential Building Approvals $25,000 $20,000 $15,000
GRAPH TBC
$10,000 $5,000 $0
Goldfields-Esperance Source: GEDC, ABS
49
As publishers of this report, the Goldfields-Esperance Development Commission makes every reasonable effort to ensure the accuracy of all information in the report. Nevertheless, we are unable to guarantee the accuracy of all information contained. We take no responsibility and will not be liable either in contract for negligence or in any other way for any errors, act or omissions, which may occur in relation to the report.