July – December 2021 (H2)
Housing and Land Summary GOLDFIELDS-ESPERANCE
Publication: Goldfields-Esperance Residential Housing and Land Summary Reporting period: 1 July – 31 December 2021 Published: April 2022
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 their employees undertake responsibility to any person or organisation in respect to this document.
Table of Contents Economic Overview
5
Residential Property Market Overview
6
Dwelling Construction Overview
10
Lot Activity Overview
11
Local Government Area Spotlights
12
- City of Kalgoorlie-Boulder
12
- Shire of Esperance
16
- Shire of Ravensthorpe
20
- Shire of Coolgardie
24
- Shire of Dundas
28
- Northern Goldfields and Ngaanyatjarra Lands
32
Kalgoorlie-Boulder Suburb Spotlights
36
Region Region Overview Overview
The Goldfields-Esperance region of Western Australia covers an expansive 950,450 square kilometres — over a third of WA’s total land mass. The region’s main population centres are Kalgoorlie-Boulder and Esperance. This large and diverse region features rich, red deserts with extensive mineral wealth, vast temperate woodlands, and pristine sandy beaches along its southern coast. The Goldfields-Esperance Development Commission is a State Government agency that supports economic development across the region’s ten local government areas.
This residential housing and land summary is the third in a periodic series prepared to help inform stakeholders about residential property market trends and issues. The document covers the second half of 2021 and provides a profile of each local government area as well as suburb profiles for the City of Kalgoorlie-Boulder. 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. 4
Economic Overview
The Goldfields-Esperance region has played a significant role in the economic development of WA since the discovery of gold in the late 1800s. Today, the mining sector accounts for approximately 63.6 percent of total regional economic output, generating around $18.33 billion a year. The sector also supports around 11,200 jobs – over a third of all jobs in the region.
Moreover, the level of job recruitment activity in the Goldfields and Southern WA region (which includes the Goldfields-Esperance and Wheatbelt regions) remains elevated, with job advertisements approximately 67 percent higher than pre-COVID-19 levels5. Businesses in the region continue to report significant challenges in both attracting and accommodating staff.
Other important industries in the region are health care and social assistance, retail trade, education and training, construction and agriculture.
While population estimates are only available for the 2020-21 financial year, activity indicators suggest that population and workforce levels have been steadily increasing in this region. According to Google Community Mobility datasets, workplace and residential activity in the main regional centres of Kalgoorlie-Boulder and Esperance has increased since the pre-COVID baseline period.
Robust demand for mineral commodities such as gold and nickel have supported the growth of the Goldfields-Esperance economy during 2020 and 2021. The region’s minerals sales increased by 13.1 percent in 2020-212. Real Gross Regional Product (GRP) is estimated to have expanded by around 10.9 percent between 2020 and 20213. The region’s unemployment rate has continued to fall since 2020. Unemployment declined from 3.4 percent in June 2021 to 3.1 percent in September 20214. The major population centres experienced particularly tight labour markets during 2021. Kalgoorlie-Boulder recorded an unemployment rate of 2.4 percent in September 2021, while unemployment in Esperance stood at 2.7 percent.
$28.85 billion Total economic output (2021)
3.1% Unemployment rate (September 2021)
32,605 Jobs in the region
1. REMPLAN. 2. Department of Jobs, Tourism, Science and Innovation. 3. REMPLAN. 4. National Skills Commission, ABS, REMPLAN. 5. Labour Market Information Portal. 5
Residential Property Market Overview
The Goldfields-Esperance region has a mixture of housing and land markets. These include those in the larger urban areas such as Kalgoorlie-Boulder and Esperance, small established towns, rural properties, remote Aboriginal communities and worker accommodation camps attached to resource projects. The provision of appropriate and affordable housing continues to be key issue for the region.
The increase in rent prices has implications for both current and prospective residents. Stakeholder sentiment continues to indicate that the limited availability of affordable rental stock is having an adverse effect on the ability to attract and retain workers in the region.
It is important to reiterate that many communities in the region do not have a formal rental market and rely Overall, the Goldfields-Esperance region’s established on State Government provided social and government housing market continued to experience elevated officers accommodation. The Goldfields Voluntary sales transaction volumes and price growth between Regional Organisation of Councils (GVROC) has July and December 2021. Across the region, house identified a need to expand the provision of such transaction (sales) volumes during H2 2021 were 74 housing. Local governments report that the limited percent higher than the same period two years earlier. availability and quality of Government Regional Officer The volume of unit sales during H2 2021 was the Housing (GROH) is an impediment to attracting key highest in a decade. public sector workers to fill positions in local communities. Regional median house prices increased by 6 percent over the year to December 2021, while the regional Overall land transaction volumes in H2 2021 declined median unit price increased by 19 percent over the compared to the highpoint of H2 2020. However, same period. The average time to sell dropped by 50 transaction activity remained at some of its highest percent, from 126 days in H2 2020 to 63 days in H2 levels in half a decade. 2021. In relation to residential land supply and lot activity, The region’s rental market continued to tighten during there was a decrease in developer lodged applications the second half of 2021. The regional rental vacancy during the second half of 2021. At the end of rate declined from an already-tight 0.8 percent in December, the developers’ stock of proposed January 2021 to 0.3 percent in December 2021. residential lots with current conditional approval Median weekly rents jumped by 18.2 percent over the across the region was 408. year to H2 2021, reaching $396 in the final half of 6 2021.
Residential Sales Overview GOLDFIELDS-ESPERANCE
Residential Market Trends 2011 - 2021
Key Statistics
Median Price
$319,000 Median House Price Jul – Dec 2021
+6%
$400,000
700
$350,000
600
$300,000
500
$250,000
400
$200,000
300
$150,000 $100,000
200
$50,000
100
1 Year Median House Price Growth Rate H2 2020 – H2 2021
$0
Number of Transactions
House Prices
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 H1 2021 H2 2021
0
Number of Transactions (6 months) GRAPH TBC
Median Price
$250,500 Median Price
Median Unit Price Jul – Dec 2021
+19%
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 H1 2021 H2 2021
1 Year Median Unit Price Growth Rate H2 2020 – H2 2021
90 80 70 60 50 40 30 20 10 0
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions (6 months)
100 80 60 40 20 0
Number of Transactions (6 months)
Source: Settled Sales sourced from Landgate
120
GRAPH TBC
Median Price
7
Number of Transactions
$180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
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 H1 2021 H2 2021
1 Year Median Vacant Land Price Growth Rate H2 2020 – H2 2021
Median Price
-45%
Median Price
Vacant Land Prices
$87,500 Median Vacant Land Price Jul – Dec 2021
Number of Transactions
Unit Prices
Residential Sales Overview GOLDFIELDS-ESPERANACE
Discount on Original Price 2011 - 2021
Key Statistics
718
Vendor Discounting
Median Price
Property Transactions Jul – Dec 2021
-5%
GRAPH TBC
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 H1 2021 H2 2021
Average Discount On Listing Price Jul – Dec 2021
0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% -16.0%
63 Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$319,000
$250,000
$87,500
10-Year Average
$305,000
$231,000
$151,000
Variation from Avg. Price
5%
8%
-42%
Number of Transactions
580
60
59
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
+6%
+19%
-45%
3 Year (Dec 2018-2021)
+15%
+100%
-27%
5 Year (Dec 2016-2021)
+9%
+25%
-48%
10 Year (Dec 2011-2021)
+6%
+1%
-38%
Price Growth
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$201,500
$232,500
$299,500
$440,000
$319,000
Unit
$175,500
$210,000
$275,000
$435,000
$250,500
Source: Settled Sales sourced from Landgate
8
Rental Overview GOLDFIELDS-ESPERANCE
Rental Market Trends 2011 - 2021
Rental Statistics
407
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Median Weekly Rent Jul – Dec 2021
500 450 400 350 300 250 200 150 100 50 0
Number of Transactions
$396
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0
Q4 2021
Median Price
Dwellings Leased Jul – Dec 2021
Q3 2021
Rental Market
+$61 (+18.2%)
GRAPH TBC
Increase in Median Weekly Rent H2 2020 – H2 2021
Dwellings Leased
Median Weekly Rent
Median Days To Lease
15
60
Median Days to Lease, Jul – Dec 2021
50 40
Days
0.3% Vacancy Rate Dec 2021
30 20 10
85
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Dwellings Listed For Rent Week of Dec 25 2021
Q4 2016
Q3 2016
0
Rental Market Summary, H2 2021 Median Rent by Bedroom
1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
5+ Bedroom
Overall
House
$290
$332
$419
$520
$482
$423
Unit
$292
$355
$418
$604
-
$369
Weighted average of September and December 2021 quarters
Source: Vacancy Rates and Weekly Rent Listings sourced from SQM Research
9
Dwelling Construction Overview GOLFIELDS-ESPERANCE Approval Statistics
Residential Dwelling Approvals Residential Dwelling Building Approvals (No. of Dwellings)
15 10 5 Sep-21
Nov-21
Jul-21
May-21
Jan-21
Mar-21
Nov-20
Jul-20
Sep-20
May-20
Mar-20
Jan-20
Nov-19
GRAPH TBC
Sep-19
Jul-19
Mar-19
May-19
Jan-19
Sep-18
Nov-18
0
Value of Building Approved Total Residential Building Jul – Dec 2021
2018-2021
Monthly Value of Total Residential Building
Nov-21
Sep-21
Jul-21
May-21
Mar-21
Jan-21
Nov-20
Sep-20
Jul-20
May-20
Mar-20
Jan-20
Nov-19
Sep-19
Jul-19
May-19
Mar-19
Jan-19
Nov-18
10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Jul-18
$(,000)
$15.46m Value of Building Approved New Residential Building Jul – Dec 2021
20
Sep-18
$20.04m
25
Jul-18
Residential Dwellings Approved Jul – Dec 2021
30 Monthly Dwelling Approvals
56 (-1.75% YOY)
2018-2021
Source: Building Approvals sourced from ABS.
10
Lot Activity Overview GOLDFIELDS-ESPERANACE
State Lot Activity - Residential, July – December 2021
Goldfields-Esperance Regional Activity Summary
Kalgoorlie-Boulder (C)
Applications under Developer-lodged applications assessment (proposed (proposed lots) lots at end of Dec 21)
65
90
Developers’ stock of conditional approvals (proposed lots at end of Dec 21)
Final Approvals
134
13
GRAPH TBC Esperance (S)
0
0
266
0
Remaining LGAs
0
0
8
0
Total
65
90
408
13
Lot Summary State lot activity refers to residential subdivision activity. During the second half of 2021, the number of developer-lodged applications for residential lots across the region and the number of final lot approvals both declined compared to the first half of the year. Regional lot activity during H2 2021 was concentrated in the City of Kalgoorlie-Boulder. There is a significant number of residential lots yet to be developed in the Shire of Esperance, with the developers' stock of lots granted conditional approval in the Shire totalling 266 at the end of December 2021. Final approval is defined as Western Australian Planning Commission (WAPC) endorsement of the proponent’s submitted deposited plan or strata/ survey strata plan describing the now complete subdivision constructed in accordance with the conditions set down in the conditional approval. The characteristic difference in lot numbers seen between conditional and final approvals arises from proponents choosing not to proceed with the subdivision in the specified four year period in accordance with the conditions of the conditional approval.
Source: State Lot Activity sourced from the Department of Planning, Lands and Heritage (DPLH)
11
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, with moderate infill and land subdivision. The Kalgoorlie-Boulder market continued to record a strong level of activity during the second half of 2021. The number of house transactions (sales) was roughly equivalent to the same period the year before. Unit sales volumes were the highest in nearly a decade. The median price of units increased by 20 percent between H2 2020 and H2 2021. Median unit prices grew by 69 percent over the last three years. The median price of vacant land sold declined between December 2020 and December 2021.
Transaction volumes also declined over the same period. This represents a return to transactions volumes more in line with historical norms. The rental vacancy rate in the City of KalgoorlieBoulder remained very low at 0.6 percent by the end of 2021, and the median weekly rent price increased by $66 to $416 between H2 2020 and H2 2021 – a rise of 19 percent. Population and Demographics Kalgoorlie-Boulder is home to an estimated 28,709 people. Between 2016 and 2021, it is estimated that the residential population declined by 7 percent, based on ABS data. However, it should be noted that Kalgoorlie-Boulder has a substantial and growing non-resident workforce. This is not reflected in population statistics, but has a significant impact on the residential market, particularly in the form of rental demand.
+1%
$1,800/m
Median House Price Change (YOY)
Median Mortgage Repayment
+19%
$2,080/wk
Asking Rental Price (YOY)
Median Household Income
12
Residential Sales Overview CITY OF KALGOORLIE-BOULDER
Residential Market Trends, 2011 - 2021
Key Statistics
Median House Price Jul – Dec 2021
1%
400 300 200 100 0 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 H1 2021 H2 2021
1 Year Median House Price Growth rate H2 2020 – H2 2021
500
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
Number of Transactions
$324,000
Median Price
House Prices
Median Price
20%
$350,000
70
$300,000
60
$250,000
50
$200,000
40
$150,000
30
$100,000
20
$50,000
10
$0
0 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 H1 2021 H2 2021
1 Year Median Unit Price Growth Rate H2 2020 – H2 2021
80
Number of Transactions
Vacant Land Prices
1 Year Median Vacant Land Price Growth Rate H2 2020 – H2 2021
$200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
GRAPH TBC
Number of Transactions
Source: Settled Sales sourced from Landgate
50 45 40 35 30 25 20 15 10 5 0
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 H1 2021 H2 2021
-36%
Median Price
$105,000 Median Vacant Land Price Jul – Dec 2021
Median Price
Median Price
Number of Transactions
Median Unit Price Jul – Dec 2021
Median Price
$250,000
$400,000
Number of Transactions
GRAPH TBC Unit Prices
Residential Sales Overview CITY OF KALGOORLIE-BOULDER Key Statistics
Discount on Original Price, 2011 - 2021
455
Vendor Discounting
Property Transactions, Jul – Dec 2021
0.0% Median Price
-2.0%
-4% Average Discount On Listing Price Jul – Dec 2021
-4.0% -6.0% -8.0% -10.0% -12.0% -14.0%
60
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 H1 2021 H2 2021
GRAPH TBC
Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$324,000
$250,000
$105,000
10-Year Average
$320,500
$230,000
$160,000
Variation from Avg.
1%
9%
-34%
Number of Transactions
370
64
21
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
+1%
+20%
-36%
3 Year (Dec 2018-2021)
+8%
+69%
-44%
5 Year (Dec 2016-2021)
0%
+27%
-38%
10 Year (Dec 2011-2021)
+1%
+3%
-44%
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$244,500
$275,000
$302,500
$427,500
$324,000
Unit
$175,500
$220,000
$275,000
$250,000
Source: Settled Sales sourced from Landgate
14
Rental Overview CITY OF KALGOORLIE-BOULDER Rental Market Trends, 2011 - 2021
Rental Statistics
346
Dwellings Leased and Rents 400
$500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0
200 150 100
Q2 2021
Q3 2021
Q4 2021
Q2 2021
Q3 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q1 2021
Median Days to Lease Jul – Dec 2021
Q1 2021
15
0
Q4 2020
Dwellings Leased
Q4 2019
Q3 2019
Q2 2019
Q1 2019
GRAPH TBC Q4 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Increase in Median Weekly Rent H2 2020 – H2 2021
Q2 2017
50 Q1 2017
+$66 (+19%)
250
Q4 2016
Median Weekly Rent Jul – Dec 2021
300
Q3 2016
$416
350
Q3 2018
Dwellings Leased Jul – Dec 2021
Median Weekly Rent
Median Days To Lease 60
0.6%
50
Vacancy Rate, Dec 2021, down from 1.35% in December 2020
40 30
Q4 2021
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
0 Q2 2017
Dwellings Listed For Rent End of Dec 2021
Q1 2017
10
Q3 2016
60
Q4 2016
20
Rental Market Summary, H2 2021 Median Rent by Bedroom
1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
5+ Bedroom
Overall
House
$282
$333
$429
$528
$523
$433
Unit
$293
$366
$418
$604
-
$377
Weighted average of September and December 2021 quarters
Source: Vacancy Rates and Weekly Rent Listings sourced from SQM Research
15
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 suggested by the estimated 18 percent of dwellings unoccupied (as of 2016 Census). The Esperance market continued to experience marked price growth in the second half of 2021, with the median house price increasing by 8 percent over the year to December 2021. Median unit prices increased by the same amount. The median price of vacant land increased by 9 percent over the same period. Esperance house and land transaction volumes declined compared to H2 2020. However, unit sales volumes were 57 percent higher in H2 2021 compared to the same period a year earlier.
+8% Median House Price Change (YOY)
The Esperance rental market has been historically tight, characterised by relatively low vacancy rates. The market further tightened during 2021, intensifying availability and affordability challenges. The vacancy rate was one of the lowest in the region, declining from 0.3 percent in December 2020 to zero in December 2021. The median rent price increased by 15 percent over the year to December 2021. Population and Demographics Esperance is home to an estimated 14,174 people. Population estimates demonstrate a decline of 2.4 percent over the 2016-21 period. However, anecdotally, the town has been attracting new residents. According to Google Community Mobility datasets, workplace and residential activity in Esperance has increased since the pre-COVID baseline period.
$1,733/m Median Mortgage Repayment
2.4
$1,288/wk
Average Household Size
Median Household Income 16
Residential Sales Overview SHIRE OF ESPERANCE
Residential Market Trends, 2011 - 2021
Key Statistics
$380,000 Median Price
Median House Price, Jul – Dec 2021
8%
150 100 50 0 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 H1 2021 H2 2021
1 Year Median House Price Growth rate H2 2020 – H2 2021
200
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
House Prices
Number of Transactions
Median Price
GRAPH TBC
$310,000 Median Price
Median Unit Price Jul – Dec 2021
8%
12
$300,000
10
$250,000
8
$200,000
6
$150,000
4
$100,000 $50,000
2
$0
0 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 H1 2021 H2 2021
1 Year Median Unit Price Growth rate H2 2020 – H2 2021
$350,000
Number of Transactions
$185,000
$200,000
GRAPH TBC
$150,000
30
$100,000
20
$50,000
10
$0
0
Number of Transactions
Source: Settled Sales sourced from Landgate
40
Median Price
Number of Transactions
1 Year Median Vacant Land Price Growth Rate H2 2020 – H2 2021
50
$250,000
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 H1 2021 H2 2021
9%
Median Price
Vacant Land Prices
Median Price
Median Vacant Land Price Jul– Dec 2021
Number of Transactions
Unit Prices
Residential Sales Overview SHIRE OF ESPERANCE
Key Statistics
Discount on Original Price, 2011 - 2021
152
Vendor Discounting
Median Price
Property Transactions Jul – Dec 2021
-5% Average Discount On Listing Price Jul – Dec 2021
GRAPH TBC 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 H1 2021 H2 2021
86
0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% -16.0%
Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$380,000
$310,000
$185,000
10-Year Average
$350,000
$273,750
$165,000
Variation from Avg.
9%
13%
12%
Number of Transactions
120
10
21
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
8%
8%
9%
3 Year (Dec 2018-2021)
16%
-4%
10%
5 Year (Dec 2016-2021)
16%
-4%
9%
10 Year (Dec 2011-2021)
3%
8%
30%
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$190,000
$259,500
$350,000
$479,000
$380,000
Unit
-
$200,000
$345,500
$435,000
$310,000
Source: Settled Sales sourced from Landgate
18
Rental Overview SHIRE OF ESPERANCE
Rental Market Trends, 2011 - 2021
Rental Statistics
28 Median Price
$350
$341 Median Weekly Rent Jul – Dec 2021
$300 $250 $200 $150 $100 $50
+$45 (+15%)
$0
90 80 70 60 50 40 30 20 10 0
Number of Transactions
$400
Q4 2021
Dwellings Leased Jul – Dec 2021
Q3 2021
Dwellings Leased and Rents
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
GRAPH TBC
Increase in Median Weekly Rent H2 2020 – H2 2021
Dwellings Leased
10
Median Weekly Rent
Median days to lease
Median Days to Lease Jul – Dec 2021
60
0%
40
Days
50
Vacancy Rate, Dec 2021, down from 0.2% in June 2021
30 20 10
3
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Dwellings Listed For Rent, End of Dec 2021
Q4 2016
Q3 2016
0
Rental Market Summary, H2 2021 Median Rent by Bedroom
1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
5+ Bedroom
Overall
House
-
$297
$343
$433
-
$351
Unit
-
-
-
-
-
-
Weighted average of September and December 2021 quarters
Source: Online Property Listings sourced from REIWA, Vacancy Rates sourced from SQM Research
19
Shire of Ravensthorpe SPOTLIGHT
Residential Market
Population and Demographics
The Shire of Ravensthorpe includes the towns of Hopetoun and Ravensthorpe, and rural locations. The key industries in the area are nickel and lithium 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 1,603 people, with the residential population growing by 2.4 percent between 2020 and 2021. The resident population in the Shire of Ravensthorpe continues to fluctuate considerably due to changes in the local resources sector. Resource sector activity has experienced an upswing over the last several years, with the local resource sector seeking to use residential workforces, resulting in strong dwelling demand and occupancy.
The Shire of Ravensthorpe experienced exceptionally strong median house price growth in the final half of 2021, with prices rising 52 percent between H2 2020 and H2 2021. Median price growth per annum over the last three years was 83 percent. The local rental market across the Shire further tightened during 2021, although it is important to note that the Shire has a small formal rental market. The towns of Ravensthorpe and Hopetoun both recorded a zero percent rental vacancy rate in December 2021. This rental market tightness in part reflects renewed mining activity in the area.
The Shire of Ravensthorpe’s monthly mortgage repayments are 39.8 percent lower than that of the WA average and the median household income is 25 percent lower than the WA weekly average.
+52%
$1,200/m
Median House Price Change (YOY)
Median Mortgage Repayment
2.2
$1,196/wk
Average Household Size
Median Household Income
Photo: Relive Photography. ourgems.com.au
20
Residential Sales Overview SHIRE OF RAVENSTHORPE
Residential Market Trends, 2011 - 2021
Key Statistics
52% 1 Year Median House Price Growth rate H2 2020 – H2 2021
30 25 20 15 10 5 0
Number of Transactions
Number of Transactions
Median House Price Jul – Dec 2021
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 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 H1 2021 H2 2021
$280,000
Median Price
House Prices
Median Price
GRAPH TBC Vacant Land Prices
Median Vacant Land Price Jul – Dec 2021
$200,000
1 Year Median Vacant Land Price Growth Rate H2 2020 – H2 2021
6 5
$150,000
4
$100,000
3 2
$50,000
1
$0
0 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 H1 2021 H2 2021
-50%
7
Number of Transactions
Ravensthorpe does not feature an active unit market, with only approximately 40 dwellings that would be considered units being recorded in the LGA at the 2016 Census. As such, unit trends have not been featured.
Number of Transactions
$250,000
Median Price
$62,000
Median Price
GRAPH TBC
Source: Settled Sales Sourced from Pricefinder
21
Residential Sales Overview SHIRE OF RAVENSTHORPE Discount on Original Price, 2011 - 2021
Key Statistics
Vendor Discounting
19
0.0%
Property Transactions Jul – Dec 2021 Median Price
-5.0%
-5% Average Discount On Listing Price Jul – Dec 2021
-10.0% -15.0% -20.0% -25.0% -30.0% -35.0%
GRAPH TBC
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 H1 2021 H2 2021
48 Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jan – Jun 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$280,000
-
$62,000
10-Year Average
$200,000
-
$85,000
Variation from Avg.
40%
-
-27%
Number of Transactions
18
-
1
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
52%
-
-50%
3 Year (Dec 2018-2020)
83%
-
5 Year (Dec 2016-2021)
68%
-
10 Year (Dec 2011-2021)
29%
-
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$91,000
$230,000
$295,000
$333,500
$280,000
Unit
-
-
-
-
-
Source: Settled Sales sourced from Landgate
22
Rental Overview SHIRE OF RAVENSTHORPE
Rental Market Trends, 2011 - 2021
Rental Statistics
22 Median Price
$350
$292 Median Weekly Rent Jul – Dec 2021
$300 $250 $200 $150 $100 $50 $0 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
-$17 (-5.5%)
18 16 14 12 10 8 6 4 2 0
Number of Transactions
$400
Q3 2021
Dwellings Leased Jul – Dec 2021
Q2 2021
Dwellings Leased and Rents
GRAPH TBC
Increase in Median Weekly Rent H2 2020 – H2 2021
Dwellings Leased
Median Weekly Rent
Median Days to Lease
22
180
Median Days to Lease Jul – Dec 2021
160 140 120 100
0%
80
Vacancy Rate, Dec 2021
60 40
2
20 Q4 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q3 2016
Q4 2016
0
Dwellings Listed For Rent Week of Dec 25 2021
Rental Market Summary, H2 2021 Median Rent by Bedroom
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom 5+ Bedroom
Overall
House
-
$298
$268
-
-
$292
Unit
-
-
-
-
-
-
Weighted average of September and December 2021 quarters
Source: Online Property Listings sourced from REIWA, Vacancy Rates sourced from SQM Research
23
Shire of Coolgardie SPOTLIGHT
Residential Market The Shire of Coolgardie includes 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 non-resident workforces and a high proportion of employer provided housing which is not represented in housing market activity datasets.
Similar to other parts of the region, the Shire of Coolgardie rental market tightened significantly during 2021. Median rent prices have increased significantly from $218 per week in H2 2020 to $263 in H2 2021 – a rise of 21 percent. The rental vacancy rate in the town of Coolgardie was zero in December 2021, while Kambalda recorded a vacancy rate of 1.5 percent. Population and Demographics
The Shire of Coolgardie continued on its recent strong house price growth and sales volume trajectory during the second half of 2021. The median house price increased by 42 percent in the year to December 2021. Median house prices in the Shire of Coolgardie have increased by 103 percent over the past three years, while unit prices have increased by 94 percent. House transaction volumes have remained elevated since 2020.
The Shire of Coolgardie was home to an estimated 3,382 people in 2020. Over the 2016-21 period, the permanent population was estimated to have declined by 8.4 percent, though this does not accurately capture transient population and more recent activity. 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 WA weekly average.
+29%
$1,083/m
Median House Price Change
Median Mortgage Repayment
2.5
$1,805/wk
Average Household Size
Median Household Income 24
Residential Sales Overview SHIRE OF COOLGARDIE
Key Statistics
Residential Market Trends, 2011 - 2021 House Prices 60 50 40 30 20 10 0 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 H1 2021 H2 2021
1 Year Median House Price Growth rate H2 2020 – H2 2021
Number of Transactions
42%
Median Price
Median House Price Jul – Dec 2021
70
$200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
$142,000
Number of Transactions
GRAPH TBC
Median Price
Unit Prices
4 Number Of Unit Transactions For This Period
7
$250,000
Median Price
Median Unit Price Jul – Dec 2021
8
$300,000
6 $200,000
5 4
$150,000
3
$100,000
2 $50,000
1
Number of Transactions
$87,500
0 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 H1 2021 H2 2021
$0
Number of Transactions
$80,000
14
GRAPH TBC
10 $60,000
8
$40,000
6 4
$20,000
2 0
$0
Number of Transactions
Source: Settled Sales sourced from Landgate
12
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 H1 2021 H2 2021
1 Year Median Vacant Land Price Growth Rate H2 2020 – H2 2021
Median Price
45%
$100,000
Median Price
25
Number of Transactions
Vacant Land Prices
$16,000 Median Vacant Land Price Jul – Dec 2021
Median Price
Residential Sales Overview SHIRE OF COOLGARDIE
Key Statistics
Discount on Original Price, 2011 - 2021
65
Vendor Discounting 0.0%
Property Transactions Jul – Dec 2021 Median Price
-5.0%
-8% Average Discount On Listing Price Jul – Dec 2021
-10.0% -15.0% -20.0% -25.0%
GRAPH TBC
-30.0%
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 H1 2021 H2 2021
49 Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$142,000
$87,500
$16,000
10-Year Average
$120,000
$90,000
$16,000
Variation from Avg.
18%
-3%
0%
Number of Transactions
50
4
11
Price Growth
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
42%
-27%
45%
3 Year (Dec 2018-2021)
103%
94%
45%
5 Year (Jun 2016-2021)
79%
-
-68%
10 Year (Jun 2011-2021)
9%
-65%
-20%
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$8,000
$110,000
$142,000
$210,000
$142,000
Unit
-
$75,000
-
-
$87,500
Source: Settled Sales sourced from Landgate
26
Rental Overview SHIRE OF COOLGARDIE
Rental Market Trends, 2011 - 2021
Rental Statistics
26 $263 Median Weekly Rent Jul – Dec 2021
$250 $200 $150 $100 $50
+$45 (21%)
GRAPH TBC 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
$0
Number of Transactions
Median Price
$300
50 45 40 35 30 25 20 15 10 5 0
Q4 2021
$350
Q3 2021
Dwellings Leased and Rents
Dwellings Leased Jul – Dec 2021
Increase in Median Weekly Rent H2 2020 – H2 2021
Dwellings Leased
39
Median Weekly Rent
Median days to lease
Median Days to Lease, Jul – Dec 2021
140 120 100
Days
1.42% Vacancy Rate, Dec 2021, down from 6.6% in December 2020
80 60 40 20
19
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Dwellings Listed For Rent, Dec 2021
Q4 2016
Q3 2016
0
Rental Market Summary, H2 2021 Median Rent by Bedroom
1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
5+ Bedroom
Overall
House
-
-
$289
$360
-
$309
Unit
-
$153
-
-
-
$157
Weighted average of September and December 2021 quarters
Source: Online Property Listings sourced from REIWA, Vacancy Rates sourced from SQM Research
27
Shire of Dundas SPOTLIGHT
Residential Market
Population and Demographics
The Shire of Dundas’ main population centre is the town of Norseman, a historic community which developed around the Norseman Gold Mine. Housing stock in the town is predominantly detached houses, many of which are ageing.
The Shire of Dundas is home to an estimated 715 people. Between 2020 and 2021, the residential population is estimated to have increased by 0.6 percent, based on ABS data. These population levels, however, do not accurately reflect the high transient worker population.
Median house prices in the Shire of Dundas decreased by 22% between H2 2020 and H2 2021. However, median prices in the Shire of Dundas are subject to significant fluctuations in a given year or half year period. Looking back over a longer period, the median house price in the Shire increased by 21 percent in the five years between H2 2016 and H2 2021.
-22%
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 (YOY)
Median Mortgage Repayment
1.9
$794/wk
Average Household Size
Median Household Income
Photo: Lynn Webb. ourgems.com.au
28
Residential Sales Overview SHIRE OF DUNDAS
Residential Market Trends, 2011 - 2021
Key Statistics
$35,000 -22%
$60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 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 H1 2021 H2 2021
1 Year Median House Price Growth rate H2 2020 – H2 2021
18 16 14 12 10 8 6 4 2 0
$70,000
Median Price
Median House Price Jul – Dec 2021
Number of Transactions
House Prices
Number of Transactions GRAPH TBC Median Price
Median Price
1.2
$120,000
1
$100,000
0.8
$80,000
0.6
$60,000
0.4
$40,000
0.2
$20,000 $0
0 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 H1 2021 H2 2021
Overall, there are approximately 13 dwellings that would be considered to be units in Dundas which impacts on unit transaction levels.
$140,000
Number of Transactions
Unit Prices
No unit transactions were recorded from July to December of 2021.
Number of Transactions
Median Price
3.5 3 2.5 2 1.5 1 0.5 0
GRAPH TBC
Number of Transactions
Source: Settled Sales sourced from Landgate
Median Price
29
Number of Transactions
$16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0
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 H1 2021 H2 2021
No Vacant Land Transactions Recorded For This Period, H2 2021
Median Price
Vacant Land Prices
Residential Sales Overview SHIRE OF DUNDAS
Discount on Original Price, 2011 - 2021
Key Statistics
9
Vendor Discounting 0.0%
Property Transactions Jul – Dec 2021
Median Price
-10.0%
0% Average Discount On Listing Price Jul – Dec 2021
-20.0% -30.0% -40.0% -50.0% 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 H1 2021 H2 2021
-60.0%
GRAPH TBC
1 Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$35,000
-
-
10-Year Average
$36,000
$121,000
$9,601
Variation from Avg.
-3%
-
-
Number of Transactions
9
-
-
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
-22%
-
-
3 Year (Dec 2018-2021)
-3%
-
-
5 Year (Dec 2016-2021)
21%
-
-
10 Year (Dec 2011-2021)
-20%
-
-
Price Growth
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
$35,000
$36,500
$17,500
-
$35,000
Unit
-
-
-
-
-
Source: Settled Sales sourced from Landgate
30
Rental Overview SHIRE OF DUNDAS
Rental Commentary
Rental Market Trends, 2016 - 2021
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 $250
3.5 3
$200
2.5 $150
2
$100
1.5 1
$50
0.5
$0 Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2021
Q2 2021
Q3 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2020
Dwellings Leased
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
0
GRAPH TBC
Median Weekly Rent
Median days to lease
Corporate housing also makes up a portion of housing in Norseman, servicing nearby resource projects such as the Norseman Gold Project.
70 60
Days
50 40 30 20 10 Q4 2021
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
0
Tenure & Landlord Type, 2016 Tenure & Landlord Type
Number of Dwellings
Owned Outright or with a Mortgage
200
Rented from a community group or from state housing authority Rented Privately Rented - Real Estate Agent Tenure type not applicable or stated
10 99 6 460
Source: Online Property Listings sourced from REIWA, Vacancy Rates from SQM Research, Tenure & Landlord Type from ABS.
31
Northern Goldfields & Ngaanyatjarra Lands
Residential Market Characteristics The Northern Goldfields and Ngaanyatjarra Lands areas (the Menzies, Laverton, Leonora, Wiluna and Ngaanyatjarruku Local Government Areas) comprise a large geographical area of the GoldfieldsEsperance region. These areas are also responsible for significant economic activity in the region, with a number of mines operating and planned in Leonora, Laverton, Menzies and Wiluna. 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.
During the second half of 2021, the Northern Goldfields experienced both an increase in median house prices and transaction (sales) volumes compared to the same period in 2020. The median house price increased by 63 percent, while the number of transactions rose by 62.5 percent. In the three years between H2 2018 and H2 2021, the median house price in the Northern Goldfields increased by 81 percent. 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 availability and 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.
Population growth in this region fluctuates 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. 32
Residential Sales Overview NORTHERN GOLDFIELDS & NGAANYATJARRA LANDS
Residential Market Trends, 2011 - 2021
Key Statistics
Median House Price Jul – Dec 2021
63%
16 14 12 10 8 6 4 2 0 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 H1 2021 H2 2021
1 Year Median House Price Growth rate H2 2020 – H2 2021
$160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
Number of Transactions
$75,000
Median Price
House Prices
Number of Transactions
Median Price
$70,000
1.2
$60,000
1
$50,000
0.8
$40,000 0.6 $30,000 0.4
$20,000
0.2
$10,000
Number of Transactions
No unit transactions were recorded from July to December of 2021.
Median Price
Unit Prices GRAPH TBC
0 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 H1 2021 H2 2021
$0
Number of Transactions
Median Price
Median Vacant Land Price Jul – Dec 2021
-26%
6
$25,000
5
$20,000
GRAPH TBC
4
$15,000
3
$10,000
2
$5,000
1
$0
0 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 H1 2021 H2 2021
1 Year Median Vacant Land Price Growth Rate
Median Price
$10,000
$30,000
Number of Transactions
Median Price
Source: Settled Sales sourced from Landgate
33
Number of Transactions
Vacant Land Prices
Residential Sales Overview NORTHERN GOLDFIELDS & NGAANYATJARRA LANDS
Discount on Original Price, 2011 - 2021
Key Statistics
18
Vendor Discounting
Property Transactions, Jul – Dec 2021
0.0%
Median Price
-10.0%
-13% Average Discount On Listing Price Jul – Dec 2021
-20.0% -30.0% -40.0% -50.0% -60.0%
25
-70.0%
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 H1 2021 H2 2021
GRAPH TBC
Average Days to Sell Jul – Dec 2021
Average Discount on Original Listing Price
10 year average
Residential Market Summary, Jul – Dec 2021 Sales Summary
House
Unit
Vacant Land
Median Price
$75,000
-
$10,000
10-Year Average
$55,000
$35,000
$10,000
Variation from Avg.
36%
-
0%
Number of Transactions
13
-
5
House
Unit
Vacant Land
1 Year (Dec 2020-2021)
63%
-
-26%
3 Year (Dec 2018-2021)
81%
-
67%
5 Year (Dec 2016-2021)
67%
-
100%
10 Year (Dec 2011-2021)
-48%
-
-
Price Growth
Median Price by Bedroom
1 Bed
2 Bed
3 Bed
4 Bed
Overall
House
-
$75,000
$45,000
$160,000
$75,000
Unit
-
-
-
-
-
Source: Settled Sales sourced from Landgate
34
Rental Overview NORTHERN GOLDFIELDS & NGAANYATJARRA LANDS
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. Data collation in these localities is difficult with the high volume of non-responses to the ABS Census and the transient nature of both the workforce and portions of the population. This provides less formal data to help build a full understanding of local housing issues.
Dwellings by Landlord Type, 2016 GRAPH TBC
State housing authority
Housing cooperative, community group
Employer
Rented from Real Estate Agent
Other
Not stated
Total
Laverton (S)
85
3
26
0
21
3
138
Leonora (S)
33
0
134
0
47
28
242
Wiluna (S)
37
15
29
0
3
5
89
Ngaanyatjarraku (S)
270
10
65
0
10
355
Menzies (S)
4
40
14
0
0
64
Local Government Area
6
Source: 2016 Census - Counted in Region – Dwellings, ABS
35
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 2021 (H2 2021).
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
36
Kalgoorlie SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
50 40 30 20 10 0
Number of Transactions
5 0
Number of Transactions
10
Median Price
Dwellings Leased and Rents $450 $400 $350 $300 $250 $200 $150 $100 $50 $0
120 100
GRAPH TBC
80 60 40 20 0
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Median Price
Average Days to Sell Jul – Dec 2021
15
Number of Transactions
Median Dwelling Rents Jul – Dec 2021
45
20
Number of Transactions
$391 (+17%)
25
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 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 H2 2020 H1 2021 H2 2021
Median Unit Price Jul – Dec 2021
Median Price
GRAPH TBC Unit Prices
Median Price
$259,000 (+30%)
Number of Transactions
60
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 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 H2 2020 H1 2021 H2 2021
Median House Price Jul – Dec 2021
Median Price
$310,000 (+15%)
House Prices
Dwellings Leased
Median Weekly Rent
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
37
Boulder SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
80 70 60 50 40 30 20 10 0
$200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
$355 (+17%)
Number of Transactions
Median Dwelling Rents Jul – Dec 2021
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0
80 70 60 50
GRAPH TBC
40 30 20 10 0
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Average Days to Sell Jul – Dec 2021
Median Price
Dwellings Leased and Rents
Median Price
71
14 12 10 8 6 4 2 0
Dwellings Leased
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
Median Weekly Rent
38
Number of Transactions
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 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 H1 2021 H2 2021
Median Unit Price Jul – Dec 2021
GRAPH TBC Unit Prices Median Price
$155,000 (+50%)
Median Price
Number of Transactions
Median House Price, Jul – Dec 2021
$250,000
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 H1 2021 H2 2021
$209,000 (-4%)
Median Price
$300,000
Number of Transactions
House Prices
Broadwood SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
16 14 12 10 8 6 4 2 0
Number of Transactions
4.5 4 3.5 3 2.5 2 1.5 1 0.5 0
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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
Number of Transactions
Median Price
$615,000 (6%)
House Prices
Number of Transactions
$700 (+7%) Median Dwelling Rents Jul – Dec 2021 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Average Days to Sell Jul – Dec 2021
Dwellings Leased and Rents
Median Price
115
Median Price
GRAPH TBC
Dwellings Leased
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 Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
39
Hannans SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
50
$400,000
40
$300,000
30
$200,000
20
$100,000
10
$0
0 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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
$500,000
Number of Transactions
$495 (12.5%)
Median Price
2 1.5 1 0.5 0 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 H1 2021 H2 2021
39
2.5
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
GRAPH TBC Unit Prices
Median Price
Median Dwelling Rents Jul – Dec 2021
Number of Transactions
Median Price
$409,000 (-3%)
House Prices
Average Days to Sell Jul – Dec 2021
Number of Transactions
Median Price
Dwellings Leased and Rents $600
25
$400
20
$300
15
$200
10
$100
5
$0
0
Number of Transactions
GRAPH TBC
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Median Price
$500
No unit transactions were recorded over H2 2021. As a result, no trends have been presented.
30
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
Dwellings Leased
Median Weekly Rent
40
Karlkurla SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
Number of Transactions
4.5 4 3.5 3 2.5 2 1.5 1 0.5 0
$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
Median Price
$600,000 (15%)
House Prices
Number of Transactions
GRAPH TBC Median Price
$650 (+0.5%)
$400,000 $300,000 $200,000 $100,000 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 H1 2021 H2 2021
$0
1 Average Days to Sell Jul – Dec 2021
Number of Transactions
Number of Transactions
8 7 6 5 4 3 2 1 0
$500,000
Median Price
Median Dwelling Rents Jul – Dec 2021
Unit Prices
Median Price
Dwellings Leased and Rents
Median Price
No unit transactions were recorded over H2 2021. As a result, no trends have been presented.
$700 $600
GRAPH TBC
5 4
$500
3
$400 $300
2
$200 1
$100
Number of Transactions
6
$800
0 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
$0
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
Dwellings Leased
Median Weekly Rent
41
Lamington SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
45
$400,000
40
$350,000
35
$300,000
30
$250,000
25
$200,000
20
$150,000
15
$100,000
10
$50,000
5
$0
0
$503 (+24%)
Number of Transactions GRAPH TBC Median Price
Median Dwelling Rents Jul – Dec 2021
1.2 1 0.8 0.6 0.4 0.2 0
Number of Transactions
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 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 H1 2021 H2 2021
Average Days to Sell Jul – Dec 2021
Unit Prices
Median Price
44
Number of Transactions
$450,000
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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
Median Price
$407,500 (+7%)
House Prices
Number of Transactions
Median Price
Dwellings Leased and Rents
GRAPH TBC
25
$400
20
$300
15
$200
10
$100
5
$0
0 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
No unit transactions were recorded over H2 2021. As a result, no trends have been presented.
Median Price
$500
Number of Transactions
30
$600
Dwellings Leased
Median Weekly Rent
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
42
Piccadilly SUBURB OVERVIEW Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
45
$400,000
40
$350,000
35
$300,000
30
$250,000
25
$200,000
20
$150,000
15
$100,000
10
$50,000
5
$0
0
$205,500 (+8%)
GRAPH TBC
Number of Transactions
Median Price
Median Price
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000
50 45 40 35 30 25 20 15 10 5 0
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 H1 2021 H2 2021
$0
9 8 7 6 5 4 3 2 1 0
Number of Transactions
$400,000
Number of Transactions
Unit Prices
Median Unit Price Jul – Dec 2021
$431 (+18%)
Number of Transactions
$450,000
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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
Median Price
$350,000 (+23%)
House Prices
Median Dwelling Rents Jul – Dec 2021
Number of Transactions
Median Price
37
$500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0
GRAPH TBC
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Average Days to Sell Jul – Dec 2021
Median Price
Dwellings Leased and Rents
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
Dwellings Leased
Median Weekly Rent
43
Somerville SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
70
$500,000
60 50
$400,000
40 $300,000 30 $200,000
20
$100,000
10
$0
0
Number of Transactions
$600,000
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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
Median Price
$487,500 (-1%)
House Prices
GRAPH TBC Median Price Number of Transactions
$275,000 (+21%)
40
$300,000
35
$250,000
30 25
$200,000
20
$150,000
15
$100,000
10
$50,000
5
$0
0
Number of Transactions
$350,000
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 H1 2021 H2 2021
$484 (+22%)
Median Price
Median Unit Price Jul – Dec 2021
Unit Prices
Median Dwelling Rents Jul– Dec 2021
Number of Transactions
Median Price
Dwellings Leased and Rents
Average Days to Sell Jul – Dec 2021
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
GRAPH TBC
50
$400
40
$300
30
$200
20
$100
10
$0
0 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
50
Median Price
$500
Number of Transactions
60
$600
Dwellings Leased
Median Weekly Rent
44
South Boulder SUBURB OVERVIEW
Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
House Prices $350,000
20
$250,000 $200,000
15
$150,000
10
$100,000 5
$50,000 $0
Number of Transactions
Median House Price Jul – Dec 2021
$300,000
Median Price
$255,000 (+42%)
25
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 H1 2021 H2 2021
0
GRAPH TBC
$345 (+11%)
Number of Transactions
Median Dwelling Rents Jul – Dec 2021
8
$400
7
$350
6
$300
5
$250
4
$200
3
$150 $100
2
$50
1
$0
0
Number of Transactions
$450
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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Average Days to Sell Jul – Dec 2021
Dwellings Leased and Rents
Median Price
158
Median Price
No unit transactions were recorded over the past decade in South Boulder. As a result, no trends have been presented.
GRAPH TBC Median Weekly Rent
Dwellings Leased
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
45
South Kalgoorlie SUBURB OVERVIEW
Key Statistics 1 year Changes
$300,000
80
$250,000
60
$200,000
50
$150,000
40 30
$100,000
20
$50,000
10
$0
0
Number of Transactions
90 70
$157,500 (-28%)
Number of GRAPH Transactions TBC
Median Price
Median Price
$600,000
6
$500,000
5
$400,000
4
$300,000
3
$200,000
2
$100,000
1
$0
0 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 H1 2021 H2 2021
Median Dwelling Rents Jul – Dec 2021
Number of Transactions
Median Price
Dwellings Leased and Rents $400
Average Days to Sell Jul – Dec 2021
$300
Median Price
$350
GRAPH TBC
50 40
$250
30
$200 $150
20
$100 10
$50
0 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
$0
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
60
Number of Transactions
76
Dwellings Leased
Median Weekly Rent
46
Number of Transactions
Unit Prices
Median Unit Price Jul – Dec 2021
$374 (+11%)
$350,000
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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
House Prices
Median Price
$301,500 (+12%)
Residential Market Trends, 2011 - 2021
Victory Heights SUBURB OVERVIEW Residential Market Trends, 2011 - 2021
Key Statistics 1 year Changes
18 16 14 12 10 8 6 4 2 0 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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
Median Price
$260,000 (+11%)
House Prices
Number of Transactions
$189,000 (-12%) Median Price
$300,000
2.5
$250,000
2
$200,000
1.5
$150,000 1
$100,000
0.5
$50,000
0 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 H1 2021 H2 2021
$0
Number of Transactions
Unit Prices
Median Unit Price Jul – Dec 2021
$383 (+32.5%)
Median Price
GRAPH TBC
Median Dwelling Rents Jul – Dec 2021
Number of Transactions
Median Price
$600
86 Average Days to Sell Jul – Dec 2021
Median Price
$500
GRAPH TBC
$400 $300 $200 $100 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
$0
9 8 7 6 5 4 3 2 1 0
Number of Transactions
Dwellings Leased and Rents
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
Dwellings Leased
Median Weekly Rent
47
West Lamington SUBURB OVERVIEW Key Statistics 1 year Changes
Residential Market Trends, 2011 - 2021 House Prices 25 20 15 10 5 0 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 H1 2021 H2 2021
Median House Price Jul – Dec 2021
30
Number of Transactions
Median Price
$400,000 (+44%)
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
$225,000
Number of Transactions
GRAPH TBC Median Price
Median Unit Price Jul – Dec 2021
3.5
$300,000
3
$250,000
2.5
$200,000
2
$150,000
1.5
$100,000
1
$50,000
0.5 0
$0
Number of Transactions
$350,000
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 H1 2021 H2 2021
Median Price
$489 (+21%)
Unit Prices
Median Dwelling Rents Jul – Dec 2021
Number of Transactions
Median Price
Dwellings Leased and Rents $600 $500
GRAPH TBC
12 10
$400
8
$300
6
$200
4
$100
2
$0
0 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 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Median Price
Average Days to Sell Jul – Dec 2021
14
Number of Transactions
66
Source: Settled Sales sourced from Landgate, Online Property Listings from REIWA, Vacancy Rates from SQM Research
Dwellings Leased
Median Weekly Rent
48
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
Data sourced from Landgate. Landgate is Western Australia's land information authority. Sales and price data is based on settled sales data as reported to Landgate.
Vendor Discounting, Average Days to Sell
Data sourced from Landgate.
Median Rents, Dwellings Leased, Median Days to Sell
Data sourced from REIWA, based on dwelling listings recorded by REIWA.
Dwellings Listed and Rental Vacancy Rate
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.
Building Approvals and State Lot Activity
Building Approvals sourced from the Australian Bureau of Statistics. Statistics on the value of building work approved are derived by aggregating the estimated 'value of building work when completed' as reported on building approval documents provided to local councils or other building approval authorities.. State Lot Activity sourced from the Western Australian Department of Planning, Lands and Heritage (DPLH).
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.
49
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