January - June 2023 (H1)
www.gedc.wa.gov.au
GOLDFIELDS-ESPERANCE HOUSING & LAND SUMMARY
Acknowledgement of Country
The Goldfields-Esperance Development Commission acknowledges the Traditional Owners of Country across the GoldfieldsEsperance region. We recognise the connection of Aboriginal peoples to the land, waters and community. We pay our respects to Elders past and present and acknowledge Aboriginal and Torres Strait Islander peoples, communities and cultures living in the region.
Publication Goldfields-Esperance Residential Housing and Land Summary
Reporting Period 1 January - 30 June 2023
Published February 2024 The information and data contained in this document were predominantly gathered from Landgate, and supplemented with data acquired from Domain 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 Goldfields-Esperance Development Commission, State Government, Urbis, or their employees undertake responsibility to any person or organisation in respect to this document.
Table of Contents Region Overview 04 Economic Overview 05 Residential Property Market Overview
08
Residential Sales Overview
09
Rental Overview 11 Dwelling Construction Overview
12
Lot Activity Overview
13
Local Government Area Spotlights
14
City of Kalgoorlie-Boulder
14
Shire of Esperance
18
Shire of Ravensthorpe
22
Shire of Coolgardie
26
Shire of Dundas
30
Northern Goldfields and Ngaanyatjarraku
34
Kalgoorlie-Boulder Suburb Spotlights
38
Kalgoorlie
39
Boulder
40
Broadwood
41
Hannans
42
Karlkurla
43
Lamington
44
Piccadilly
45
Somerville
46
South Boulder
47
South Kalgoorlie
48
Victory Heights
49
West Lamington
50
Data Sources and Information
51
About the Goldfields-Esperance Region Region Overview
GIBSON DESERT GIBSON DESERT
SHIRE OF SHIRE OF NGAANYATJARRAKU NGAANYATJARRAKU
SHIRE OF SHIRE OF WILUNA WILUNA
Warburton Warburton
Wiluna Wiluna Great Great Central RoadCentral Road
GREAT VICTORIA GREAT VICTORIA DESERT DESERT
Leinster Leinster
SHIRE OF SHIRE OF LEONORA LEONORA
LavertonLaverton
SHIRE OF SHIRE OF LAVERTON LAVERTON
Leonora Leonora
SHIRE OF SHIRE OF MENZIES MENZIES
Menzies Menzies
Tjuntjuntjara Tjuntjuntjara
Coolgardie Coolgardie CITY OF Kalgoorlie-Boulder CITY OF Kalgoorlie-Boulder
KALGOORLIE-BOULDER KALGOORLIE-BOULDER
KambaldaKambalda
Trans-Australia Railway Trans-Australia Railway
SHIRE OF SHIRE OF COOLGARDIE COOLGARDIE
Norseman Norseman
Eucla NULLARBOR PLAIN SHIRE OF NULLARBOR PLAIN SHIRE OF DUNDAS DUNDAS
Eucla
Great Great AustralianAustralian Bight Bight
Salmon Gums Salmon Gums Grass Patch SHIRE OF SOUTHERN Grass Patch SOUTHERN SHIRE OF
Ravensthorpe Scaddan Scaddan Ravensthorpe
OCEAN ESPERANCE ESPERANCE
OCEAN
Esperance Esperance Munglinup Munglinup HopetounHopetoun
Archipelago of Archipelago of
SHIRE OF the Recherche SHIRE OF the Recherche RAVENSTHORPE RAVENSTHORPE
Road
Road
Rail
Rail
Airport /Airport Airstrip/ Airstrip Port Port Great Western Great Western Woodlands Woodlands
The Goldfields-Esperance region is located in the south-east corner of Western Australia. It covers an expansive area of 955,276 square kilometres and is the largest region in WA. The region has a residential population of approximately 57,330 people, with the larger population centres being Kalgoorlie-Boulder and Esperance. It is geographically vast and diverse, from the rich red central deserts, extensive mineral wealth, the magnificent Great Western Woodlands to the iconic beaches and crystal clear waters of the Southern Ocean. The region’s median age is 36, with the largest age cohort being 35-49 years, followed by 50-64 years, 25-34 years, 5-14 years, 15-24 years and 65+ years. This Housing and Land Summary is the sixth in a periodic series prepared to inform readers about the region’s residential property market data and trends.
Page 4
This edition covers the first half of 2023 (January to June) and provides a profile for the ten local government areas in the region, as well as individual suburb profiles for the City of Kalgoorlie-Boulder. Given the relatively low population levels and minimal residential market activity in the Northern Goldfields (Shires of Menzies, Leonora, Laverton, Wiluna) and Shire of Ngaanyatjarraku local government areas, a section detailing the combined residential market data and trends is provided for these areas.
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Economic Overview
$37.46 billion
$378,260
37,696
Total Economic Output 2021-22 (REMPLAN)
Per Worker GRP (REMPLAN)
Jobs in the region 2021 (REMPLAN)
$260,350
2.4%
Per Capita GRP (REMPLAN)
Unemployment Rate March 2023 (REMPLAN)
955,276km2 Total land area Largest regional boundary in WA (REMPLAN)
Key Sectors by Economic Output
AGRICULTURE $709.44 million
MINING $25.87 billion
(REMPLAN)
(REMPLAN)
Value of Major Commodities (DMIRS Statistical Digest 2021-22) Gold & Silver $11.77 billion Nickel & Cobalt $4.86 billion Spodumene & Tantalum Pentoxide $1.51 billion Rare Earth Oxide & Iron Ore $957.88 million
MANUFACTURING $3.82 billion
CONSTRUCTION $1.52 billion
(REMPLAN)
(REMPLAN)
Value of Major Commodities (WARDA Common Data Resource) Canola $260.25 million Barley $192.54 million Cattle & Calves $62.01 million Wheat $34.56 million
TRANSPORT, POSTAL & WAREHOUSING $784.14 million (REMPLAN)
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 5
Economic Overview cont.
Today, the Goldfields-Esperance region is one of the most significant mining regions in Australia producing commodities including gold, nickel, copper, lithium, iron ore, rare earths and critical minerals.
The mining sector accounts for $25.87 billion (69.1%) of total regional economic output per year. The sector also supports around 14,733 jobs – over a third of all jobs in the region (REMPLAN 2023).
Top 10 Largest Employment Sectors Mining Health Care & Social Assistance Construction Education & Training Retail Trade Accommodation & Food Services Transport, Postal & Warehousing Manufacturing Agriculture, Forestry & Fishing Public Administration & Safety
The region is one of the largest producers of rare earth elements suitable for manufacturing batteries, electronics, electric vehicle, renewable energy technology, high-tec consumer products, and defence applications. With a number of new, expansion and reactivation major projects underway, there has been growing investor interest in the region for its battery and technology mineral reserves and resources.
Page 6
39.20% 14,773 jobs
14,773 2,559 2,554 2,131 2,014 1,9 07 1,824 1,763 1,613 1,294
6.8% 2,554 jobs
6.8% 2,559 jobs
The provision of adequate and affordable housing, both to rent and to buy, continues to be a key issue for the region as well as the need to accommodate significant volumes of workers’ accommodation for planned and pipeline mining, major project activity and service workers. Given its strategic location, the region’s supply chain is supported by road and rail links between Esperance, Norseman, Kalgoorlie-Boulder and Leonora, connecting to Perth and the eastern states.
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Economic Overview cont.
The Southern region has a strong agricultural sector, primarily broadacre crops, with livestock, fisheries and forestry activities. The Port of Esperance, part of the Southern Ports Authority, is a major export hub of iron ore, grains and spodumene, handling 13.5 million tonnes of cargo during 2022-23.
The port is a strategic asset and important economic enabler which presents further potential for regional export and import growth.
Esperance Port Statistics (Southern Ports Annual Report 2023)
13,596,344
224
7
Tonnes Total Trade 2022-23
Vessel visits 2022-23
Traded commodities 2022-23
Total Exports
Highest Traded Commodities (2022-23) Iron Ore 60% Grain 29.6% Spodumene 7.1%
Iron Ore Grain Spodumene Woodchips Nickel Copper Concentrate
Iron Ore
Grain
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 7
Residential Property Market Overview The Goldfields-Esperance region is characterised by a mixture of housing and land markets. These include those in the larger urban centres such as Kalgoorlie-Boulder and Esperance, small established towns, rural properties, remote Aboriginal communities and worker accommodation camps attached to resource projects.
residents. In addition, there are many communities in the region that do not have a formal rental market and rely on State Government provided social housing and government officers accommodation. There is a need to expand regional provision of such housing to support vulnerable populations and essential workers in the region.
A significant portion of the region’s housing stock is built prior to the 1950s with many of these ageing, followed by properties built in the 1980s, 1990s and newer builds from 2005 onwards.
Existing land tenure and mining tenements have limited the number of lots available for residential development. There are heightened challenges associated with development costs and builder availability but also structural market failures that are exacerbating challenges and the ability for private sector investment in the residential market.
The limited supply of rental properties and fast rising rents continue to present challenges for current and prospective
$2,200 / week
57,499 people Estimated Residential Population (2022) (REMPLAN)
Household Income
(ABS 2021)
Goldfields Region
$1,517 / month
$1,521 / week
Mortgage Repayment
Esperance Region
(ABS 2021)
Goldfields Region
$1,560 / month Esperance Region
$500 / wk
633
61
Median Rent
Total Transations
Average Days to Sell
Source: Landgate, Domain, SQM Research, The Goldfields Voluntary Regional Organisations of Councils, KBCCI Housing and Land Position Paper
Page 8
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview Goldfields-Esperance Key Statistics
Residential Market Trends 2012 - 2023
$345,000
600
$200,000
400
$100,000
200
20 22
H2
80 60 40 20
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
H2
20 14
0
Number of Transactions
100
20 12 H2
$139,500
Median Price
Median Price
$200,000
120 100 80 60 40 20 0
$150,000 $100,000 $50,000 $0
Number of Transactions (6 months)
Number of Transactions
Vacant Land Prices
H2 H 1 2 01 2 H 2 2 01 3 2 H 1 01 3 2 H 2 01 4 2 H 1 01 4 H 2 2 01 5 H 1 2 01 5 H 2 2 01 6 H 1 2 01 6 H 2 2 01 7 2 H 1 01 7 2 H 2 01 8 2 H 1 01 8 2 H 2 01 9 H 1 2 01 9 H 2 2 02 0 H 1 2 02 0 H 2 2 02 1 H 1 2 02 1 2 H 2 02 2 2 H 1 02 20 2 23
1 Year Median Vacant Land Price Growth Rate H1 2022 - H1 2023
20 21
120
20 13
Median Price
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions (6 months)
+ 4%
H2
Median Price
Unit Prices
1 Year Median Unit Price Growth Rate H1 2022 - H1 2023
Median Vacant Land Price Jan - Jun 2023
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
20 14
H2
20 13
H2
H2
20 12
0
Number of Transactions
$300,000
Number of Transactions (6 months)
$230,000
- 3%
800
$0
1 Year Median House Price Growth Rate H1 2022 - H1 2023
Median Unit Price Jan - Jun 2023
$400,000
H2
+ 7%
House Prices Median Price
Median House Price Jan - Jun 2023
Median Price
Source: Settled Sales sources from Landgate
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 9
Residential Sales Overview Goldfields-Esperance Key Statistics
Discount on Original Price 2012 - 2023
633
Vendor Discounting
Average Discount on Listing Price Jan – Jun 2023
61 Average Days to Sell Jan – Jun 2023
0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% -16.0% 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 H1 2022 H2 2022
- 5%
Median Price
Property Transactions Jan – Jun 2023
Average Discount on Original Listing Price
10 year average
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$345,000
$230,000
$139,500
10-year Average
$305,000
$230,000
$153,000
Variation from Avg. Price
13%
0%
-9%
Number of Transactions
526
74
32
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
7%
-3%
4%
3 Year (Dec 2020-23)
34%
22%
21%
5 Year (Dec 2018-23)
26%
18%
-13%
10 Year (Dec 2013-23)
2%
-8%
-18%
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
$245,000
$264,500
$300,000
$476,000
$345,000
Unit
$159,750
$225,000
$310,000
$435,000
$230,000
Source: Settled Sales sources from Landgate Page 10
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Rental Overview Goldfields-Esperance Rental Statistics
Rental Market Trends 2017 - 2023
459 $600
500 450 400 350 300 250 200 150 100 50 0
$500 / wk Median Weekly Rent Jan-Jun 2023
Median Price
$500 $400 $300 $200 $100
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 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
$0
Number of Transactions
Rental Market
Dwellings Leased Jan-Jun 2023
+ $65 / wk (+15%) Increase in Median Weekly Rent H1 2022 – H1 2023
Dwel lings Leased
Median Weekly Rent
Median Days To Lease
20 23
Q1
20 22
Q3
20 22
Q1
20 21
Q3
20 21
Q1
20 20
Q3
20 20
Q1
20 19
Q3
20 19
20 18
20 18
Q1
Q3
Q1
20 17
Vacancy Rate June 2023
Q3
0.7%
Q1
Days
Median Days to Lease Jan-Jun 2023
45 40 35 30 25 20 15 10 5 0 20 17
22
Rental Market Summary January – June 2023 Weighted average of March and June 2023 quarters MEDIAN RENT BY BEDROOM
1 BED
2 BED
3 BED
4 BED
5+ BED
OVERALL
House
$423
$434
$512
$680
$613
$550
Unit
$367
$450
$511
-
-
$450
Source: Online Property Listings sourced from Domain Weekly, Vacancy Rates sourced from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 11
Dwelling Construction Overview Goldfields-Esperance Approval Statistics January – June 2023
$216m
80
$54.3m
New Houses Approved 2022 -2023
Total Value of Residential Building Approved 2022 - 2023
Total Value of Non- Residential Building Approved 2022 - 2023
Source: REMPLAN
Residential Building Approvals 2012 - 2023 Source: REMPLAN
Value of Residential Building Approvals ($)
Residential Building Approvals (No.) 250
$90,000,000
200
$70,000,000
$80,000,000
150
$60,000,000
100
$40,000,000
$50,000,000
50
$30,000,000
0
$10,000,000
Page 12
3
2
20 22 -2
1
20 21 -2
0
20 20 -2
9
20 19 -2
8
20 18 -1
7
$
Total
20 12 -1 3 20 13 -1 4 20 14 -1 5 20 15 -1 6 20 16 -1 7 20 17 -1 8 20 18 -1 9 20 19 -2 0 20 20 -2 1 20 21 -2 2 20 22 -2 3
New Houses
20 17 -1
6
20 16 -1
5
20 15 -1
4
20 14 -1
20 13 -1
20 12 -1
3
$20,000,000
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
New Other Residential
Lot Activity Overview Goldfields-Esperance State Lot Activity - Residential January – June 2023
Developerlodged applications (proposed lots)
Applications under assessment (proposed lots at end of Mar 2023)
Conditional approvals (proposed lots)
Developers’ stock of conditional approvals (proposed lots at end of Mar 2023)
Final approvals
Kalgoorlie-Boulder (C)
10
6
6
322
6
Esperance (S)
4
2
4
179
2
Other LGAs
0
0
0
17
1
Total
14
8
10
518
9
Developerlodged applications (proposed lots)
Applications under assessment (proposed lots at end of Jun 2023)
Conditional approvals (proposed lots)
Developers’ stock of conditional approvals (proposed lots at end of Jun 2023)
Final approvals
Kalgoorlie-Boulder (C)
2
0
8
324
2
Esperance (S)
0
0
2
181
0
Other LGAs
0
0
0
17
2
Total
2
0
10
522
4
Q1 - 2023 GOLDFIELDS-ESPERANCE REGIONAL ACTIVITY SUMMARY
Q2 - 2023 GOLDFIELDS-ESPERANCE REGIONAL ACTIVITY SUMMARY
Final approval is defined as Western Australian Planning Commission (WAPC) endorsement of the proponent’s submitted deposited plan or strata / survey plan describing the now complete subdivision constructed in accordance with the conditions set down in the conditional approval. Deposited plans/strata plans that have final approval are registered with Landgate (formerly Department of Land Information) where certificates of titles for the newly created lots can be issued.
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 approval - either at all, only in part, or via another conditional approval incorporating a new plan for the subject land. More definitions can be found on the WA Department of Planning, Lands and Heritage website.
Source: State Lot Activity sourced from the Department of Planning, Lands and Heritage (DPLH)
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 13
City of Kalgoorlie-Boulder Spotlight The City of Kalgoorlie-Boulder is the most populated regional centre with the largest residential market in the Goldfields-Esperance region. The market is characterised by established suburbs, with detached housing as the predominant housing typology.
Land supply for vacant lots is very limited with some larger subdivisions experiencing prolonged delays.
Two-person households are the largest housing composition within Kalgoorlie-Boulder, followed by fourperson households. The City has a resident population and transient population movements, with seasonal, non-residential workers (ie. fly-in-fly-out and drive-indrive-out) and residents from regional centres and remote communities visiting the City to access government and community services.
To understand more about the housing, accommodation and land issues in Kalgoorlie-Boulder, visit the KalgoorlieBoulder Housing and Land Study 2022.
30,674 people Australia’s Largest Outback City (REMPLAN)
2.6
34 years
Average Household Size (ABS 2021)
Median Age (REMPLAN)
$2,324 / week
$1,600 / month
Median Household Income (ABS 2021)
Median Mortgage Repayment (ABS 2021)
13.95%
Housing Typology (REMPLAN) Owned outright
42.09%
13.95%
Rented
32.26%
Not stated
10.30%
Occupied Rent-Free
1.01%
Other
0.40%
Goldfields-Esperance Development Commission
0.9% Vacancy Rate (SQM Research)
Owned with mortgage 42.09%
32.26%
Page 14
There are a number of major mining construction projects underway and in the pipeline, creating increased demand for residential properties and temporary accommodation.
Top Suburbs for Median House Price Growth 1. Karlkurla +26% 2. Broadwood +12% 3. Victory Heights +11% 4. Hannans +10% 5. South Kalgoorlie +6%
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview City of Kalgoorlie-Boulder Key Statistics
Residential Market Trends 2012 - 2023
$300,000 $200,000 $100,000
20 22
20 21
H2
H2
20 20
H2
20 19
20 18
H2
H2
20 17
20 16
H2
H2
20 15
H2
H2
$400,000
100 80 60 40 20 0
$300,000 $200,000 $100,000 H2 H 1 2 01 2 H 2 2 01 3 H 1 2 01 3 H 2 2 01 4 2 H 1 01 4 2 H 2 01 5 2 H 1 01 5 H 2 2 01 6 H 1 2 01 6 2 H 2 01 7 2 H 1 01 7 2 H 2 01 8 H 1 2 01 8 H 2 2 01 9 H 1 2 01 9 2 H 2 02 0 2 H 1 02 0 2 H 2 02 1 H 1 2 02 1 H 2 2 02 2 2 H 1 02 20 2 23
$0
Number of Transactions (6 months)
Median Price
Number of Transactions
Median Price
1 Year Median Unit Price Growth Rate H1 2022 – H1 2023
Median Price
$200,000
45 40 35 30 25 20 15 10 5 0
$150,000 $100,000 $50,000
H2 H 1 2 01 2 H 2 2 01 3 H 1 2 01 3 H 2 2 01 4 2 H 1 01 4 2 H 2 01 5 2 H 1 01 5 2 H 2 01 6 H 1 2 01 6 H 2 2 01 7 H 1 2 01 7 H 2 2 01 8 H 1 2 01 8 2 H 2 01 9 2 H 1 01 9 2 H 2 02 0 2 H 1 02 0 H 2 2 02 1 H 1 2 02 1 H 2 2 02 2 H 1 2 02 20 2 23
$0
Number of Transactions
Vacant Land Prices
$122,000
1 Year Median Vacant Land Price Growth Rate H1 2022- H1 2023
Median Price
Unit Prices
- 4.3%
- 21.3%
H2
Number of Transactions (6 months)
$225,000
Median Vacant Land Price Jan - Jun 2023
20 14
$0
H2
1 Year Median House Price Growth Rate H1 2022 - H1 2023
Median Unit Price Jan - Jun 2023
500 400 3 00 200 100 0
20 12
+ 5%
$400,000
20 13
Median Price
Median House Price Jan - Jun 2023
Number of Transactions
House Prices
$349,000
Number of Transactions (6 months)
Median Price
Source: Settled Sales sources from Landgate
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 15
Residential Sales Overview City of Kalgoorlie-Boulder Key Statistics
Discount on Original Price 2012 - 2023
407
Average Discount on Original Listing Price
63
10 year average
Average Days to Sell Jan – Jun 2023
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$349,000
$225,000
$122,000
10-year Average
$320,000
$225,000
$159,000
Variation from Avg. Price
9.1%
0.0%
-23.3%
Number of Transactions
338
63
6
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
5.0%
-4.3%
-21.3%
3 Year (Dec 2020-23)
34.2%
23.0%
388.0%
5 Year (Dec 2018-23)
15.4%
12.5%
-23.8%
10 Year (Dec 2013-23)
-0.1%
-9.6%
-34.1%
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
$250,500
$275,000
$320,000
$487,500
$349,000
Unit
$159,000
$215,000
$305,000
$435,000
$225,000
Source: Settled Sales sources from Landgate Page 16
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
H2 2013
H1 2013
Average Discount on Listing Price Jan – Jun 2023
Median Price
- 4.7%
0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0%
H2 2012
Vendor Discounting
Property Transactions Jan – Jun 2023
Rental Overview City of Kalgoorlie-Boulder
Rental Statistics
Rental Market Trends 2017 - 2023
378
Dwellings Leased and Rents 400
$600
350
$534 / week Median Weekly Rent Jan-Jun 2023
Median Price
$500
300
$400
250
$300
200 150
$200
100
$100
50
$0
Number of Transactions
Dwellings Leased Jan-Jun 2023
Q1 Q2 20 1 7 Q3 20 1 7 2 Q4 0 1 7 Q1 20 1 7 Q2 20 1 8 2 Q3 0 1 8 2 Q4 0 1 8 Q1 20 1 8 Q2 20 1 9 2 Q3 0 1 9 Q4 20 1 9 Q1 20 1 9 2 Q2 0 2 0 2 Q3 0 2 0 Q4 20 2 0 Q1 20 2 0 2 Q2 0 2 1 2 Q3 0 2 1 Q4 20 2 1 Q1 20 2 1 2 Q2 0 2 2 Q3 20 2 2 Q4 20 2 2 2 Q1 0 2 2 2 Q2 0 2 20 3 23
0
+ $70/ week (+15%)
Dwel lings Leased
Increase in Median Weekly Rent H1 2022 – H1 2023
Median Weekly Rent
Median Days To Lease 40
22
35
Median Days to Lease Jan – Jun 2023
25
Days
30 20 15 10
0.9%
5 0 Q1 2 Q2 0 17 2 Q3 0 17 2 Q4 0 17 2 Q1 0 17 2 Q2 0 18 2 Q3 0 18 2 Q4 0 18 2 Q1 0 18 2 Q2 0 19 2 Q3 0 19 2 Q4 0 19 2 Q1 0 19 2 Q2 0 20 2 Q3 0 20 2 Q4 0 20 2 Q1 0 20 2 Q2 0 21 2 Q3 0 21 2 Q4 0 21 2 Q1 0 21 2 Q2 0 22 2 Q3 0 22 2 Q4 0 22 2 Q1 0 22 2 Q2 0 23 20 23
Vacancy Rate June 2023
Rental Market Summary January – June 2023 Weighted average of March and June 2023 quarters MEDIAN RENT BY BEDROOM
1 BED
2 BED
3 BED
4 BED
5+ BED
OVERALL
House
$423
$458
$550
$700
$767
$550
Unit
$384
$460
$519
-
-
$450
Source: Online Property Listings sourced from Domain Weekly, Vacancy Rates sourced from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 17
Shire of Esperance Spotlight Housing stock in the Shire of Esperance is largely comprised of separate residential houses in Esperance townsite and surrounding rural areas. At the 2021 Census, 87% of dwellings were separate houses, with a further 8.3% considered to be semi-detached, terrace or a town house. There is a relatively high level of investment property and second home or holiday home stock, as suggested by the estimated 17% of dwellings unoccupied.
Family households is the largest housing composition within Esperance, followed by single person households. Of the occupied dwellings, approximately 42% are 3 bedroom homes and 39% are 4 bedrooms or more. Esperance continues to experience extremely low vacancy rates and shortages of accommodation, particularly during the summer season.
2.4
14,500
42 years
Population (REMPLAN)
Median Age (REMPLAN)
$1,521 / week
$1,560 / month
Median Household Income (ABS 2021)
Median Mortgage Repayment (ABS 2021)
Average Household Size (ABS 2021)
0.1% Vacancy Rate (SQM Research 2023)
Housing Typology (REMPLAN) 27.83%
Owned outright
27.83%
Owned with mortgage 32.15%
25.51% 32.15%
Page 18
Rented
25.51%
Not stated
10.27%
Occupied Rent-Free
3.61%
Other
0.62%
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview Shire of Esperance Key Statistics
Residential Market Trends 2012 - 2023
Median Price
5%
$400,000
150
$300,000
100
$200,000
50
$100,000 $0
Number of Transactions (6 months)
20 22
H2
4
8 6
2
Number of Transactions
$150,000 $100,000 $50,000 $0
10
H1 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
0
Number of Transactions (6 months)
Median Price
$250,000
50 45 40 35 30 25 20 15 10 5 0
$150,000 $100,000 $50,000
Number of Transactions (6 months)
H1 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
H2 2013
H1 2013
$0 H2 2012
Median Price
$200,000
Number of Transactions
Vacant Land Prices
$175,000
1 Year Median Vacant Land Price Growth Rate H1 2022 - H1 2023
20 21
12
H2 2012
1 Year Median Unit Price Growth Rate H1 2022 - H1 2023
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000
H2 2013
Median Price
+ 2%
+ 9%
H2
Median Price
Unit Prices
$300,000
Median Vacant Land Price Jan - Jun 2023
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
20 14
H2
H2
20 13
0
20 12 H2
1 Year Median House Price Growth Rate H1 2022 - H1 2023
Median Unit Price Jan - Jun 2023
200
H1 2013
Median House Price Jan - Jun 2023
$500,000
Number of Transactions
House Prices
$430,000
Median Price
Source: Settled Sales sources from Landgate
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 19
Residential Sales Overview Shire of Esperance Key Statistics
Discount on Original Price 2012 - 2023
125
Vendor Discounting
Property Transactions Jan - Jun 2023
Average Discount on Listing Price Jan - Jun 2023
Median Price
- 4.2%
0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0%
Average Discount on Original Listing Price
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
H2 2013
Average Days to Sell Jan - Jun 2023
H1 2013
55
H2 2012
-16.0%
10 year average
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$430,000
$300,000
$175,000
10-year Average
$355,000
$280,000
$170,000
Variation from Avg. Price
21%
7%
3%
Number of Transactions
99
10
15
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
5%
2%
9%
3 Year (Dec 2020-23)
39%
30%
17%
5 Year (Dec 2018-23)
27%
53%
-8%
10 Year (Dec 2013-23)
16%
-12%
14%
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
$350,000
$309,000
$410,000
$540,000
$430,000
Unit
$280,000
$290,000
$578,500
-
$300,000
Source: Settled Sales sources from Landgate Page 20
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Rental Overview Shire of Esperance Rental Statistics
Rental Market Trends 2017 - 2023
Median Weekly Rent Jan - Jun 2023
$400
80
$350
70
$300
60
$250
50
$200
40
$150
30
$100
20
$50
10
$0
0
Q3 Q4 20 1 Q1 20 7 1 Q2 20 7 1 Q3 20 8 1 2 Q4 0 8 1 Q1 20 8 1 Q2 20 8 1 2 Q3 0 9 1 Q4 20 9 1 Q1 20 9 1 2 Q2 0 9 2 Q3 20 0 2 Q4 20 0 2 2 Q1 0 0 2 Q2 20 0 2 Q3 20 1 2 2 Q4 0 1 2 Q1 20 1 2 Q2 20 1 2 2 Q3 0 2 2 Q4 20 2 2 Q1 20 2 2 2 Q2 0 2 20 23 23
$377 / week
Median Price
Dwellings Leased Jan - Jun 2023
Number of Transactions
Dwellings Leased and Rents
31
+ $10 / week (+2.7%) Increase in Median Weekly Rent H1 2022 – H1 2023
Dwel lings Leased
Median Weekly Rent
Median days to lease 60
21
50 40
Days
Median Days to Lease Jan - Jun 2023
30 20 10
Vacancy Rate June 2023
0 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 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
0.1%
Rental Market Summary January – June 2023 Weighted average of March and June 2023 quarters MEDIAN RENT BY BEDROOM
1 BED
2 BED
3 BED
4 BED
5+ BED
OVERALL
House
-
-
$383
$523
-
$385
Unit
$300
-
-
-
-
$313
Source: Online Property Listings sourced from Domain Weekly, Vacancy Rates sourced from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 21
Shire of Ravensthorpe Spotlight The Shire of Ravensthorpe includes the towns of Hopetoun and Ravensthorpe, and surrounding rural locations of Jerdacuttup and Munglinup.
A vast majority of the housing stock is comprised of detached housing totaling 94% of the dwelling types. As a result, the unit market in the Shire is very small, making up under 3% of dwellings.
2.2
2,190
43 years
Population (REMPLAN)
Median Age (REMPLAN)
$1,655 / week
$1,029 / month
Median Household Income (ABS 2021)
Median Mortgage Repayment (ABS 2021)
Average Household Size (ABS 2021)
2.6% Vacancy Rate (SQM Research 2023)
Housing Typology (REMPLAN) 30.04%
26.04%
Page 22
15.90%
Owned outright
30.04%
Owned with mortgage 15.90% Rented
26.04%
Not stated
8.11%
Occupied Rent-Free
17.98%
Other
1.93%
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview Shire of Ravensthorpe Key Statistics
Residential Market Trends 2012 - 2023
30
$300,000
25
$250,000
20
$200,000
15
$150,000
10
$100,000
Number of Transactions (6 months)
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
H2
H2
H2
H2
20 16
0 20 15
$0 20 14
5
20 13
$50,000
20 12
1 Year Median House Price Growth Rate H1 2022 - H1 2023
$350,000
H2
+ 4%
Median Price
Median House Price Jan - Jun 2023
Number of Transactions
House Prices
$250,000
Median Price
$85,000 Median Vacant Land Price Jan - Jun 2023
Vacant Land Prices 12 10
+ 56% 1 Year Median Vacant Land Price Growth Rate H1 2022 - H1 2023
Median Price
$200,000
8
$150,000
6 $100,000
4
$50,000
2 0
Number of Transactions (6 months)
H1 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
H2 2013
H1 2013
H2 2012
$0
Ravensthorpe does not feature an active unit market, with only a small number of dwellings that can be considered units. As such, unit trends have not been featured.
Number of Transactions
$250,000
Median Price
Source: Settled Sales sources from Landgate
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 23
Residential Sales Overview Shire of Ravensthorpe Key Statistics
Discount on Original Price 2012 - 2023
22
Vendor Discounting
Property Transactions Jan – Jun 2023
-10.0% -15.0% -20.0% -25.0%
Average Days to Sell Jan – Jun 2023
Average Discount on Original Listing Price
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
20 14
H2
H2
H2
66
20 13
-30.0%
20 12
Average Discount on Listing Price Jan – Jun 2023
-5.0% Median Price
- 4.1%
0.0%
10 year average
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$250,000
-
$85,000
10-year Average
$215,000
-
$75,000
Variation from Avg. Price
16%
-
13%
Number of Transactions
21
-
1
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
4%
-
56%
3 Year (Dec 2020-23)
60%
-
-
5 Year (Dec 2018-23)
51%
-
21%
10 Year (Dec 2013-23)
54%
-
-
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
$155,000
$260,000
$235,000
$400,000
$250,000
Unit
-
-
-
-
-
Source: Settled Sales sources from Landgate Page 24
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Rental Overview Shire of Ravensthorpe Rental Statistics
Rental Market Trends 2017 - 2022
$450 / week Median Weekly Rent Jan-Jun 2023
$500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0
18 16 14 12 10 8 6 4 2 0
Q1 Q2 20 Q3 20 17 Q4 20 17 Q1 20 17 Q2 20 17 Q3 20 18 Q4 20 18 Q1 20 18 Q2 20 18 Q3 20 19 Q4 20 19 Q1 20 19 Q2 20 19 Q3 20 20 Q4 20 20 Q1 20 20 Q2 20 20 Q3 20 21 Q4 20 21 Q1 20 21 Q2 20 21 Q3 20 22 Q4 20 22 Q1 20 22 Q2 20 22 20 23 23
Median Price
Dwellings Leased Jan-Jun 2023
Number of Transactions
Dwellings Leased and Rents
17
+ $20 / week (+4.6%) Increase in Median Weekly Rent H1 2022 – H1 2023
Dwel lings Leased
Median Weekly Rent
Median Days to Lease 90
38
80
Median Days to Lease Jan – Jun 2023
60
70 50 40 30
2.6%
20
Vacancy Rate June 2023
0 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 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
10
Rental Market Summary January – June 2023 Weighted average of March and June 2023 quarters MEDIAN RENT BY BEDROOM
1 BED
2 BED
3 BED
4 BED
5+ BED
OVERALL
House
-
-
$387
$488
-
$450
Unit
-
-
-
-
-
-
Source: Online Property Listings sourced from Domain Weekly, Vacancy Rates sourced from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 25
Shire of Coolgardie Spotlight The Shire of Coolgardie includes the townsites of Kambalda, supported by nickel and gold mining, and the historic town of 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. Other populated areas within the Shire include Widgiemooltha and Kurrawang. The Shire is working with mining companies to develop accommodation camps for fly in fly out workers based in the district.
2.5
3,642
38 years
Population (REMPLAN)
Median Age (REMPLAN)
$1,893 / week
$975 / month
Median Household Income (ABS 2021)
Median Mortgage Repayment (ABS 2021)
Average Household Size (ABS 2021)
0%
5.1%
Vacancy Rate Coolgardie Suburb June 2023
Vacancy Rate Kambalda Suburb June 2023
(SQM Research 2023)
19.52%
Housing Typology (REMPLAN) Owned outright
19.52%
Owned with mortgage 29.31%
29.56%
Page 26
29.31%
Rented
29.56%
Not stated
19.80%
Occupied Rent-Free
1.32%
Other
0.48%
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview Shire of Coolgardie Key Statistics
Residential Market Trends 2012 - 2023
40 30 20
Number of Transactions (6 months)
20 22
H2
20 21
H2
20 20
H2
20 19
20 18
H2
H2
20 17
H2
20 16
20 15
H2
H2
H2
H2
20 14
10 0
20 12
1 Year Median House Price Growth Rate H1 2022 - H1 2023
50
20 13
+ 2%
80 70 60
$180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 H2
Median House Price Jan - Jun 2023
Median Price
$135,000
Number of Transactions
House Prices
Median Price
$140,000
8
Median Unit Price Jan - Jun 2023
$120,000
7
$100,000
4
$60,000
3
$40,000
2
Number of Transactions (6 months)
H1 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
0 H2 2014
1
$0 H1 2014
$20,000 H2 2012
1 Year Median Unit Price Growth Rate H1 2022 - H1 2023
5
$80,000
H2 2013
16%
6
H1 2013
Median Price
$130,000
Number of Transactions
Unit Prices
Median Price
Vacant Land Prices
8 6 4 2
Number of Transactions
10
Number of Transactions (6 months)
H1 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
0 H2 2013
1 Year Median Vacant Land Price Growth Rate H1 2022 - H1 2023
12
H1 2013
- 38%
14
$100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 H2 2012
Median Vacant Land Price Jan - Jun 2023
Median Price
$12,000
Median Price
Source: Settled Sales sources from Landgate
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 27
Residential Sales Overview Shire of Coolgardie Key Statistics
Discount on Original Price 2012 - 2023
58
Vendor Discounting 0.0%
Property Transactions Jan – Jun 2023
Average Discount on Listing Price Jan – Jun 2023
Median Price
- 9.1%
-5.0% -10.0% -15.0% -20.0% -25.0%
Average Discount on Original Listing Price
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
Average Days to Sell Jan – Jun 2023
H2 2013
59
H1 2013
H2 2012
-30.0%
10 year average
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$135,000
$130,000
$12,000
10-year Average
$120,000
$87,500
$14,925
Variation from Avg. Price
13%
49%
-20%
Number of Transactions
54
1
3
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
2%
16%
-38%
3 Year (Dec 2020-23)
59%
-
-6%
5 Year (Dec 2018-23)
66%
160%
-33%
10 Year (Dec 2013-23)
-15%
44%
-48%
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
-
$124,000
$142,500
$135,000
$135,000
Unit
-
-
$130,000
-
$130,000
Source: Settled Sales sources from Landgate Page 28
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Rental Overview Shire of Coolgardie Rental Statistics
Rental Market Trends 2017 - 2023
Median Price
Dwellings Leased Jan - Jun 2023
$357 / week
40 30 20 10 0
Q1 Q2 20 Q3 20 17 Q4 20 17 Q1 20 17 Q2 20 17 Q3 20 18 Q4 20 18 Q1 20 18 Q2 20 18 Q3 20 19 Q4 20 19 Q1 20 19 Q2 20 19 Q3 20 20 Q4 20 20 Q1 20 20 Q2 20 20 Q3 20 21 Q4 20 21 Q1 20 21 Q2 20 21 Q3 20 22 Q4 20 22 Q1 20 22 Q2 20 22 20 23 23
Median Weekly Rent Jan - Jun 2023
50
$400 $350 $300 $250 $200 $150 $100 $50 $0
Number of Transactions
Dwellings Leased and Rents
31
+ $47.5 /week (+15%)
Dwel lings Leased
Increase in Median Weekly Rent H1 2022 – H1 2023
Median Weekly Rent
Median Days to Lease 140 120
Median Days to Lease Jan - Jun 2023
100
0%
5.1%
Vacancy Rate Coolgardie Suburb
Vacancy Rate Kambalda Suburb
June 2023
June 2023
80 60 40 20 0 Q1 Q2 20 1 7 Q3 20 1 7 2 Q4 0 1 7 Q1 20 1 7 Q2 20 1 8 2 Q3 0 1 8 2 Q4 0 1 8 2 Q1 0 1 8 Q2 20 1 9 Q3 20 1 9 Q4 20 1 9 2 Q1 0 1 9 2 Q2 0 2 0 2 Q3 0 2 0 Q4 20 2 0 Q1 20 2 0 2 Q2 0 2 1 2 Q3 0 2 1 2 Q4 0 2 1 Q1 20 2 1 Q2 20 2 2 2 Q3 0 2 2 2 Q4 0 2 2 2 Q1 0 2 2 Q2 20 2 20 3 23
Days
44
Rental Market Summary January – June 2023 Weighted average of March and June 2023 quarters MEDIAN RENT BY BEDROOM
1 BED
2 BED
3 BED
4 BED
5+ BED
OVERALL
House
-
-
$362
$389
-
$363
Unit
-
$236
-
-
-
$236
Source: Online Property Listings sourced from Domain Weekly, Vacancy Rates sourced from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 29
Shire of Dundas Spotlight 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 Norseman is predominately detached houses making up 81% of dwelling
types, indicating that there is low portion of unit typologies. New mining camp accommodation has been built and is operating in Norseman town centre.
1.8
697
50 years
Population (REMPLAN)
Median Age (REMPLAN)
$827 / week
$600 / month
Median Household Income (ABS 2021)
Median Mortgage Repayment (ABS 2021)
Average Household Size (ABS 2021)
0% Vacancy Rate (SQM Research 2023)
Housing Typology (REMPLAN) 38.22%
27.79% 10.12%
Page 30
Owned outright
38.22%
Owned with mortgage 10.12% Rented
27.79%
Not stated
17.52%
Occupied Rent-Free
5.14%
Other
1.21%
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview Shire of Dundas
Key Statistics
Residential Market Trends 2012 - 2023
4
$10,000
2
$0
0
Number of Transactions (6 months)
1 Year Median Vacant Land Price Growth Rate H1 2022- H1 2023
H2
H2
5 4
$10,000
3
$8,000 $6,000
2
$4,000 $2,000
1
$0
0
Number of Transactions
Median Price
$14,000 $12,000
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 H1 2022 H2 2022 H1 2023
+ 23%
Median Price
Vacant Land Prices
$12,250 Median Vacant Land Price Jan - Jun 2023
H2
H2
H2
H2
H2
H2
H2
H2
20 12
1 Year Median House Price Growth Rate H1 2022 - H1 2023
H2
+ 22%
20 22
6
$20,000
20 21
$30,000
20 20
8
20 19
10
$40,000
20 18
$50,000
20 17
12
20 16
14
$60,000
20 15
$70,000
Median House Price Jan - Jun 2023
20 14
16
20 13
$80,000
Median Price
$70,000
Number of Transactions
House Prices
Number of Transactions (6 months)
Median Price
No unit transactions were recorded from January to June 2023. Overall, there are few dwellings in Dundas that would be considered to be units that impact on unit transaction levels. Source: Settled Sales sources from Landgate
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 31
Residential Sales Overview Shire of Dundas Key Statistics
Discount on Original Price 2012 - 2023 Vendor Discounting
13
0.0%
Property Transactions Jan – Jun 2023
-20.0% -30.0% -40.0% -50.0% -60.0% 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 H1 2022 H2 2022
Average Discount on Listing Price Jan – Jun 2023
Median Price
- 47%
-10.0%
50 Average Days to Sell Jan – Jun 2023
Average Discount on Original Listing Price
10 year average
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$70,000
-
$12,250
10-year Average
$40,500
$121,000
$10,000
Variation from Avg. Price
73%
-
23%
Number of Transactions
11
-
2
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
22%
-
23%
3 Year (Dec 2020-23)
56%
-
70%
5 Year (Dec 2018-23)
47%
-
75%
10 Year (Dec 2013-23)
65%
-
11%
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
$97,500
$25,000
$71,250
-
$70,000
Unit
-
-
-
-
-
Source: Settled Sales sources from Landgate Page 32
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Rental Overview Shire of Dundas Rental Statistics
Rental Market Trends 2017 - 2023
$250
3
$200 $150
2
$100
1
$50
20 23
20 22
Q1
20 22
Q3
20 21
Q1
20 21
Q3
20 20
Q1
20 20
Q3
20 19
Q1
20 23
Q1
20 22
Q3
20 22
Q1
20 21
Q3
20 21
Q1
20 20
Q3
20 20
28
Q1
Tenure type not stated
20 19
21
Q3
Other tenure type
0
20 19
18
Q1
Rented - Other landlord type
20 10
20 18
6
Q3
Rented - Real Estate Agent
50 40 30
20 18
39
Q1
Rented Privately
20 17
10
80 70 60
Q3
Rented from a community group or from state housing authority
100 90
20 17
142
Q1
Owned Outright or with a Mortgage
Median Weekly Rent
Median Days to Lease
Days
NUMBER OF DWELLINGS
20 19
Dwel lings Leased
Tenure & Landlord Type 2021 TENURE AND LANDLORD TYPE
Q3
20 18
Q1
20 18
Q3
Q1
Q3
20 17
0
20 17
$0
Number of Transactions
4
Q1
Corporate housing also makes up a portion of housing in Norseman, servicing nearby resource projects such as the Norseman Gold Project.
Dwellings Leased and Rents $300
Median Price
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.
Source: ABS 2021
Source: Online Property Listings sourced from Domain Weekly, Vacancy Rates sourced from SQM Research Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 33
Northern Goldfields & Ngaanyatjarraku Spotlight The Northern Goldfields and Ngaanyatjarraku areas (Menzies, Laverton, Leonora, Wiluna and Ngaanyatjarruku local government areas) comprises 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, Menzies and Wiluna. In addition to established towns, this area features a number of smaller mining camps, the mining town of Leinster, and Aboriginal communities such as Warburton, Warakurna, and Tjuntjuntjara. These local government areas feature relatively low population counts and have comparatively small property markets, particularly formal rental markets.
Population (REMPLAN)
Median Age (REMPLAN)
Given the high level of mining activity in the area, there is also a substantial non-resident workforce 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 fluctuates and growth is dependent on mining employment. These localities face a number of challenges due to the remote nature of town sites, 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.
Average Household Size
(ABS 2021)
Median Household Income
Median Mortgage Repayment
(ABS 2021)
(ABS 2021)
Vacancy Rate (SQM Research 2023)
Shire of Menzies
571
39 years
2.7
$1,917 / wk
$2,383 / mth
0%
Shire of Leonora
1,720
33 years
2.5
$1,951 / wk
$683 / mth
0%
Shire of Laverton
1,433
37 years
2.4
$1,097 / wk
$413 / mth
0%
Shire of Wiluna
572
35 years
2.4
$1,109 / wk
$0 / mth
-
Shire of Ngaanyatjarraku
1,478
30 years
3.5
$1,228 / wk
$0 / mth
-
Page 34
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Residential Sales Overview Northern Goldfields & Ngaanyatjarraku Key Statistics
Residential Market Trends 2012 - 2023 Number of Transactions
20 22 H2
20 21 H2
20 20 H2
20 19
20 18 H2
20 17 H2
20 16 H2
H2
Median Price
3
70000 6 0000 50000 40000 30000 20000 10000 0
2 1
H2
2 H 1 01 2 2 H 2 01 3 2 H 1 01 3 2 H 2 01 4 2 H 1 01 4 2 H 2 01 5 2 H 1 01 5 2 H 2 01 6 2 H 1 01 6 2 H 2 01 7 2 H 1 01 7 2 H 2 01 8 2 H 1 01 8 2 H 2 01 9 2 H 1 01 9 2 H 2 02 0 2 H 1 02 0 2 H 2 02 1 2 H 1 02 1 2 H 2 02 2 2 H 1 02 2 20 23
0
Number of Transactions
Unit Prices Median Price
Median Vacant Land Price Jan - Jun 2023
20 15
Number of Transactions (6 months)
1 Year Median House Price Growth Rate H1 2022 - H1 2023
$11,500
H2
20 14 H2
H2
+ 52%
20 13
16 14 12 10 8 6 4 2 0
H2
Median House Price Jan - Jun 2023
$160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0
20 12
$135,000
Median Price
House Prices
Number of Transactions (6 months)
+ 39% $25,000
6 5
$20,000
4
$15,000
3
$10,000
2
Number of Transactions (6 months)
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
H1 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
0 H2 2014
$0 H1 2014
1 H2 2013
$5,000
Number of Transactions
7
H1 2013
Source: Settled Sales sources from Landgate
$30,000
H2 2012
No unit transactions were recorded from January to June of 2023.
Vacant Land Prices
Median Price
1 Year Median Vacant Land Price Growth Rate H1 2022 - H1 2023
Median Price
Median Price
Page 35
Residential Sales Overview Northern Goldfields & Ngaanyatjarraku Key Statistics
Discount on Original Price 2012 - 2023
8
Vendor Discounting 0.0%
Property Transactions Jan – Jun 2023
-20.0% -30.0% -40.0% -50.0% -60.0%
Average Discount on Original Listing Price
Average Days to Sell Jan – Jun 2023
H2 2022
H1 2022
H2 2021
H1 2021
H2 2020
H1 2020
H2 2019
H1 2019
H2 2018
H1 2018
H2 2017
H1 2017
H2 2016
H1 2016
H2 2015
H1 2015
H2 2014
H1 2014
H2 2013
173
H1 2013
-70.0%
H2 2012
Average Discount on Listing Price Jan – Jun 2023
Median Price
- 25%
-10.0%
10 year average
Residential Market Summary January – June 2023 SALES SUMMARY
HOUSE
UNIT
VACANT LAND
Median Price
$135,000
-
$11,500
10-year Average
$60,000
$35,000
$10,000
Variation from Avg. Price
125%
-
15%
Number of Transactions
3
-
5
PRICE GROWTH
HOUSE
UNIT
VACANT LAND
1 Year (Dec 2022-23)
52%
-
39%
3 Year (Dec 2020-23)
419%
-
53%
5 Year (Dec 2018-23)
225%
-
-
10 Year (Dec 2013-23)
80%
-
-25%
MEDIAN PRICE BY BEDROOM
1 BED
2 BED
3 BED
4 BED
OVERALL
House
-
-
-
$210,000
$100,000
Unit
-
-
-
-
-
Source: Settled Sales sources from Landgate Page 36
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Rental Overview Northern Goldfields & Ngaanyatjarraku Rental Commentary The rental market in the Northern Goldfields and Ngaanyatjarraku area features a high volume of social housing stock and there are a 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.
Tenure & Landlord Type 2021 LOCAL GOVERNMENT AREA
STATE HOUSING AUTHORITY
HOUSING COOPERATIVE, COMMUNITY GROUP
PERSON NOT IN SAME HOUSEHOLD
RENTED FROM REAL ESTATE AGENT
OTHER
NOT STATED
Laverton (S)
42
49
21
3
55
0
Leonora (S)
24
11
35
5
195
4
Wiluna (S)
31
15
9
0
30
0
Ngaanyatjarraku (S)
235
42
3
0
79
8
Menzies (S)
4
25
7
0
30
0
Source: ABS 2021
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 37
Kalgoorlie-Boulder Suburb Spotlight
Suburb Spotlight Overview 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 market. The following pages provide an overview on the residential property markets in the suburbs within the City of KalgoorlieBoulder. These profiles identify the changes in median sales prices and transactions, changes in the rental market activity and key characteristics about average selling days.
Suburbs Included Data is only available for suburbs that have sufficient market activity to generate charts and statistics for the January to June period of 2023 (H1 2023). These relevant suburbs are listed below:
•
Kalgoorlie
•
Piccadilly
•
Boulder
•
Somerville
•
Broadwood
•
South Boulder
•
Hannans
•
South Kalgoorlie
•
Karlkurla
•
Victory Heights
•
Lamington
•
West Lamington
Page 38
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Kalgoorlie Suburb Overview
Number of Transactions (6 months)
$230,000 (-8.9%)
Goldfields-Esperance Development Commission
20 22 H2
20 21 H2
20 20
15 10 5
20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15 H2
20 14
20 13
0
Number of Transactions
20
H2
H2
25
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
Median Price
$600
120
$500
100
$400
80
$300
60
$200
40
$100
20
$0
0
Number of Transactions
Median Price
Dwellings Leased and Rents
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 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
30
H2
20 12
Median Price
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
$500/week (+13.6%)
Average Days to Sell Jan - Jun 2023
Median Price
Unit Prices
Median Unit Price Jan - Jun 2023
64
H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15 H2
20 13
20 14 H2
H2
70 60 50 40 30 20 10 0
Number of Transactions
House Prices $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
20 12
Median House Price Jan - Jun 2023
Residential Market Trends 2012 - 2023
H2
$339,000 (+0.59%)
Median Price
Key Statistics (% change H1 2022 – H1 2023)
Dwel lings Leased
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 39
Boulder Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
60 40 20
Number of Transactions (6 months)
$184,000 (+44%) Median Unit Price Jan - Jun 2023
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
H2
H2
H2
20 14
0
Number of Transactions
80
20 12
Median Price
Median Weekly Rent Jan - Jun 2023
Number of Transactions (6 months)
Number of Transactions
20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15
20 13
H2
H2
20 12
$459/week (+12%)
14 12 10 8 6 4 2 0 20 14
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 H2
Median Price
Unit Prices
H2
Median House Price Jan - Jun 2023
100
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
20 13
$300,000 (+5.2%)
Median Price
House Prices
Median Price
80 70 60 50 40 30 20 10 0
$600
Average Days to Sell Jan - Jun 2023
Median Price
$500
67
$400 $300 $200 $100 $0
Q1 Q2 20 1 7 Q3 20 1 7 Q4 20 1 7 2 Q1 0 1 7 Q2 20 1 8 2 Q3 0 1 8 2 Q4 0 1 8 Q1 20 1 8 2 Q2 0 1 9 2 Q3 0 1 9 Q4 20 1 9 2 Q1 0 1 9 2 Q2 0 2 0 Q3 20 2 0 2 Q4 0 2 0 Q1 20 2 0 Q2 20 2 1 2 Q3 0 2 1 Q4 20 2 1 Q1 20 2 1 2 Q2 0 2 2 Q3 20 2 2 2 Q4 0 2 2 2 Q1 0 2 2 Q2 20 2 20 3 23
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Dwel lings Leased
Page 40
Goldfields-Esperance Development Commission
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Number of Transactions
Dwellings Leased and Rents
Broadwood Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
$649,000 (+11.9%) Median Price
Median House Price Jan - Jun 2023
16 14 12 10 8 6 4 2 0
$1,000,000 $800,000 $600,000 $400,000 $200,000
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
20 14
20 13
H2
H2
$825/week (+42%)
H2
20 12
$0
Number of Transactions
House Prices
Median Price
Dwellings Leased and Rents 4
$1,000 $800
3
$600
2
$400
1
$200
0
$0 Q1 Q2 20 1 7 Q3 20 1 7 2 Q4 0 1 7 2 Q1 0 1 7 Q2 20 1 8 2 Q3 0 1 8 2 Q4 0 1 8 Q1 20 1 8 Q2 20 1 9 2 Q3 0 1 9 Q4 20 1 9 Q1 20 1 9 2 Q2 0 2 0 Q3 20 2 0 Q4 20 2 0 2 Q1 0 2 0 Q2 20 2 1 Q3 20 2 1 2 Q4 0 2 1 Q1 20 2 1 Q2 20 2 2 2 Q3 0 2 2 Q4 20 2 2 Q1 20 2 2 2 Q2 0 2 20 3 23
No unit transactions were recorded over the past decade in Broadwood. As a result, no trends have been presented.
Number of Transactions
Average Days to Sell Jan - Jun 2023
$1,200
Median Price
48
5
$1,400
Dwel lings Leased
Median Weekly Rent
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 41
Hannans Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
Median Unit Price Jan - Jun 2023
Number of Transactions
20 22 H2
H2
H2
H2
H2
H2
H2
H2
20 13 H2
H2
Number of Transactions (6 months)
$410,000 (+7.3%)
20 21
0
20 20
10
$0
20 19
$100,000
20 18
20
20 17
30
$200,000
20 16
40
$300,000
20 15
$400,000
20 14
50
20 12
Median Price
$400,000
3
$300,000
2
$200,000
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
H2
H2
H2
20 13 H2
H2
$721/week (+22.2%)
20 17
0 20 16
$0 20 15
1
20 14
$100,000
Number of Transactions
4
20 12
Median Price
Unit Prices $500,000
H2
Median House Price Jan - Jun 2023
$500,000
H2
$405,000 (+9.9%)
Median Price
House Prices
Median Price
Average Days to Sell Jan - Jun 2023
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Page 42
30 25
$600 $500 $400 $300 $200 $100 $0
20 15 10 5 0
Q1 2 Q2 0 1 7 2 Q3 0 1 7 20 Q4 1 7 2 Q1 0 1 7 20 Q2 1 8 20 Q3 1 8 2 Q4 0 1 8 20 Q1 1 8 2 Q2 0 1 9 2 Q3 0 1 9 20 Q4 1 9 2 Q1 0 1 9 20 Q2 2 0 20 Q3 2 0 2 Q4 0 2 0 20 Q1 2 0 2 Q2 0 2 1 2 Q3 0 2 1 20 Q4 2 1 2 Q1 0 2 1 2 Q2 0 2 2 20 Q3 2 2 2 Q4 0 2 2 20 Q1 2 2 20 Q2 2 3 20 23
44
Median Price
$800 $700
Number of Transactions
Dwellings Leased and Rents
Goldfields-Esperance Development Commission
Dwel lings Leased
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Karlkurla Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
$1,050/week (+60%)
Number of Transactions
H2
H2
Median Price
8 7 6 5 4 3 2 1 0
500000
3
400000 300000 200000 100000
2 H 1 01 2 2 H 2 01 3 2 H 1 01 3 2 H 2 01 4 2 H 1 01 4 2 H 2 01 5 2 H 1 01 5 2 H 2 01 6 2 H 1 01 6 2 H 2 01 7 2 H 1 01 7 2 H 2 01 8 2 H 1 01 8 2 H 2 01 9 2 H 1 01 9 2 H 2 02 0 2 H 1 02 0 2 H 2 02 1 2 H 1 02 1 2 H 2 02 2 2 H 1 02 2 20 23
0 H2
Average Days to Sell Jan - Jun 2023
Number of Transactions
Unit Prices Median Price
Median Weekly Rent Jan - Jun 2023
H2
H2
H2
H2
H2
H2
H2
H2
H2
Number of Transactions (6 months)
20 22
0 20 21
1
$0 20 20
$200,000
20 19
2
20 18
3
$400,000
20 17
$600,000
20 16
4
20 15
$800,000
20 14
5
20 13
$1,000,000
20 12
Median House Price Jan - Jun 2023
House Prices
Median Price
$780,000 (+26.2%)
Residential Market Trends 2012 - 2023
Number of Transactions (6 months)
Median Price
Dwellings Leased and Rents 6
$1,400
5
$1,200
4
$1,000 $800
3
$600
2
$400
1
$200
0
Q1 2 Q2 0 1 7 2 Q3 0 1 7 2 Q4 0 1 7 2 Q1 0 1 7 20 Q2 1 8 2 Q3 0 1 8 2 Q4 0 1 8 2 Q1 0 1 8 20 Q2 1 9 2 Q3 0 1 9 2 Q4 0 1 9 2 Q1 0 1 9 20 Q2 2 0 2 Q3 0 2 0 2 Q4 0 2 0 2 Q1 0 2 0 20 Q2 2 1 2 Q3 0 2 1 2 Q4 0 2 1 20 Q1 2 1 20 Q2 2 2 2 Q3 0 2 2 2 Q4 0 2 2 20 Q1 2 2 20 Q2 2 3 20 23
$0
Number of Transactions
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
$1,600
Median Price
No unit transactions were recorded over H1 2023. As a result, no trends have been presented.
Dwel lings Leased
Goldfields-Esperance Development Commission
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 43
Lamington Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
$660/week (+33.8%)
Median Price
Median Price
500000
3
400000
2
300000 200000
1
100000
48
H2
Average Days to Sell Jan - Jun 2023
Number of Transactions (6 months)
Median Price
Dwellings Leased and Rents $800
25
$600
20
$500 $400
15
$300
10
$200
5
$100
Number of Transactions
30
$700
Median Price
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
0
2 H 1 01 2 2 H 2 01 3 2 H 1 01 3 2 H 2 01 4 2 H 1 01 4 2 H 2 01 5 2 H 1 01 5 2 H 2 01 6 2 H 1 01 6 2 H 2 01 7 2 H 1 01 7 2 H 2 01 8 2 H 1 01 8 2 H 2 01 9 2 H 1 01 9 2 H 2 02 0 2 H 1 02 0 2 H 2 02 1 2 H 1 02 1 2 H 2 02 2 2 H 1 02 2 20 23
0
0
Q1 2 Q2 0 17 2 Q3 0 17 2 Q4 0 17 2 Q1 0 17 2 Q2 0 18 2 Q3 0 18 2 Q4 0 18 2 Q1 0 18 2 Q2 0 19 2 Q3 0 19 2 Q4 0 19 2 Q1 0 19 2 Q2 0 20 2 Q3 0 20 2 Q4 0 20 2 Q1 0 20 2 Q2 0 21 2 Q3 0 21 2 Q4 0 21 2 Q1 0 21 2 Q2 0 22 2 Q3 0 22 2 Q4 0 22 2 Q1 0 22 2 Q2 0 23 20 23
$0
Dwel lings Leased
Page 44
Number of Transactions
Unit Prices
Median Weekly Rent Jan - Jun 2023
No unit transactions were recorded over H1 2023. As a result, no trends have been presented.
Number of Transactions
20 22 H2
H2
H2
H2
H2
H2
H2
H2
20 13
H2
H2
Number of Transactions (6 months)
20 21
0
20 20
10
$0
20 19
$100,000
20 18
20
20 17
30
$200,000
20 16
$300,000
20 15
40
20 14
50
$400,000
20 12
Median House Price Jan - Jun 2023
$500,000
H2
$385,000 (-1.5%)
Median Price
House Prices
Goldfields-Esperance Development Commission
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Piccadilly Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
$216,000 (-15.2%)
Median Price
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15 H2
20 13
20 14 H2
$532/week (+10.3%)
14 12 10 8 6 4 2 0 H2
H2
20 12
Median Price
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Median Price
50 45 40 35 30 25 20 15 10 5 0
Median Price
$500 $400 $300 $200 $100
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Goldfields-Esperance Development Commission
Q1 2 Q2 0 1 7 2 Q3 0 1 7 20 Q4 1 7 2 Q1 0 1 7 2 Q2 0 1 8 20 Q3 1 8 2 Q4 0 1 8 2 Q1 0 1 8 20 Q2 1 9 20 Q3 1 9 2 Q4 0 1 9 20 Q1 1 9 20 Q2 2 0 2 Q3 0 2 0 20 Q4 2 0 20 Q1 2 0 2 Q2 0 2 1 2 Q3 0 2 1 20 Q4 2 1 2 Q1 0 2 1 2 Q2 0 2 2 20 Q3 2 2 2 Q4 0 2 2 2 Q1 0 2 2 20 Q2 2 3 20 23
$0
Number of Transactions
Dwellings Leased and Rents $600
Average Days to Sell Jan - Jun 2023
Number of Transactions
Unit Prices
Median Unit Price Jan - Jun 2023
67
Number of Transactions
H2
H2
H2
H2
H2
H2
H2
H2
H2
20 13 H2
H2
Number of Transactions (6 months)
20 22
0
20 21
10
$0
20 20
$100,000
20 19
20
20 18
30
$200,000
20 17
$300,000
20 16
40
20 15
50
$400,000
20 14
$500,000
20 12
Median House Price Jan - Jun 2023
House Prices Median Price
$294,000 (-17.6%)
Residential Market Trends 2012 - 2023
Dwel lings Leased
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 45
Somerville Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Number of Transactions (6 months)
$255,000 (-3.7%)
Number of Transactions
20 22 H2
20 21 H2
20 20
Median Price
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15 H2
20 14
20 13
H2
H2
$638/week (+18.6%)
40 35 30 25 20 15 10 5 0 H2
20 12
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0
Number of Transactions
Unit Prices Median Price
Median Unit Price Jan - Jun 2023
H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
H2
H2
20 13 H2
H2
20 15
70 60 50 40 30 20 10 0 20 14
$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 20 12
Median House Price Jan - Jun 2023
House Prices Median Price
$480,000 (+1.5%)
Residential Market Trends 2012 - 2023
Median Price
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Page 46
60
$300 $200 $100 $0
20
50 40 30
10 0
Number of Transactions
Average Days to Sell Jan - Jun 2023
$800 $700 $600 $500 $400
Q1 Q2 20 1 7 Q3 20 1 7 2 Q4 0 1 7 Q1 20 1 7 2 Q2 0 1 8 Q3 20 1 8 2 Q4 0 1 8 2 0 Q1 1 8 2 Q2 0 1 9 2 Q3 0 1 9 Q4 20 1 9 2 Q1 0 1 9 Q2 20 2 0 2 Q3 0 2 0 Q4 20 2 0 2 Q1 0 2 0 2 0 Q2 2 1 2 Q3 0 2 1 2 Q4 0 2 1 Q1 20 2 1 2 Q2 0 2 2 Q3 20 2 2 2 Q4 0 2 2 Q1 20 2 2 2 Q2 0 2 20 3 23
71
Median Price
Dwellings Leased and Rents
Goldfields-Esperance Development Commission
Dwel lings Leased
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
South Boulder Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
$504/week (-17.1%)
5 20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15 H2
20 14
20 13
0
Number of Transactions
10
Median Price
8 7 6 5 4
$400 $300 $200 $100 $0
3 2 1 0
Dwel lings Leased
Median Weekly Rent
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Goldfields-Esperance Development Commission
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 47
Number of Transactions
$900 $800 $700 $600 $500
Q1 2 Q2 0 17 2 Q3 0 17 2 Q4 0 17 2 Q1 0 17 2 Q2 0 18 2 Q3 0 18 2 Q4 0 18 2 Q1 0 18 2 Q2 0 19 2 Q3 0 19 2 Q4 0 19 2 Q1 0 19 2 Q2 0 20 2 Q3 0 20 2 Q4 0 20 2 Q1 0 20 2 Q2 0 21 2 Q3 0 21 2 Q4 0 21 2 Q1 0 21 2 Q2 0 22 2 Q3 0 22 2 Q4 0 22 2 Q1 0 22 2 Q2 0 23 20 23
No unit transactions were recorded over the past decade in South Boulder. As a result, no trends have been presented.
15
Dwellings Leased and Rents
Median Price
Average Days to Sell Jan - Jun 2023
20
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
56
25
H2
H2
20 12
Median House Price Jan - Jun 2023
30
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 H2
$218,500 (-2.8%)
Median Price
House Prices
South Kalgoorlie Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
80 60 40 20
$177,500 (-13.4%)
Number of Transactions (6 months)
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
H2
H2
H2
20 14
0
Median Price
Median Price
$600,000
8 7 6 5 4 3 2 1 0
$500,000 $400,000 $300,000 $200,000 $100,000
Page 48
20 22 H2
20 21 H2
20 20
20 19 H2
20 18 H2
20 17 H2
20 16 H2
20 15 H2
H2
Median Price
60
$500
50
$400
40
$300
30
$200
20
$100
10
$0
0
Goldfields-Esperance Development Commission
Dwel lings Leased
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Number of Transactions
Median Price
Dwellings Leased and Rents $600
Q1 2 Q2 0 17 2 Q3 0 17 2 Q4 0 17 2 Q1 0 17 2 Q2 0 18 2 Q3 0 18 2 Q4 0 18 2 Q1 0 18 2 Q2 0 19 2 Q3 0 19 2 Q4 0 19 2 Q1 0 19 2 Q2 0 20 2 Q3 0 20 2 Q4 0 20 2 Q1 0 20 2 Q2 0 21 2 Q3 0 21 2 Q4 0 21 2 Q1 0 21 2 Q2 0 22 2 Q3 0 22 2 Q4 0 22 2 Q1 0 22 2 Q2 0 23 20 23
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
20 14
20 13
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
Average Days to Sell Jan - Jun 2023
H2
H2
$526/week (-1.1%)
H2
20 12
$0
Number of Transactions
Unit Prices
Median Unit Price Jan - Jun 2023
68
Number of Transactions
100
20 12
Median House Price Jan - Jun 2023
$350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 20 13
$315,000 (+5.8%)
Median Price
House Prices
Victory Heights Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
$245,000 (+4.2%)
Median Price
Median Price
$300,000
3.5 3 2 .5 2 1.5 1 0.5 0
$250,000 $200,000 $150,000 $100,000 $50,000
Number of Transactions (6 months)
Median Weekly Rent Jan - Jun 2023
20 22
H2
20 21
H2
20 20
H2
20 19
H2
20 18
H2
20 17
H2
20 16
H2
20 15
H2
20 14
20 13
H2
$469/week (+12.9%)
H2
H2
20 12
$0
Median Price
9 8 7 6 5 4
Median Price
$500 $400 $300
3 2 1 0
$200 $100
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
Goldfields-Esperance Development Commission
Q1 2 Q2 0 1 7 2 Q3 0 1 7 20 Q4 1 7 20 Q1 1 7 2 Q2 0 1 8 2 Q3 0 1 8 20 Q4 1 8 2 Q1 0 1 8 2 Q2 0 1 9 20 Q3 1 9 2 Q4 0 1 9 2 Q1 0 1 9 20 Q2 2 0 20 Q3 2 0 2 Q4 0 2 0 2 Q1 0 2 0 20 Q2 2 1 2 Q3 0 2 1 2 Q4 0 2 1 20 Q1 2 1 2 Q2 0 2 2 2 Q3 0 2 2 20 Q4 2 2 20 Q1 2 2 2 Q2 0 2 3 20 23
$0
Number of Transactions
Dwellings Leased and Rents $600
Average Days to Sell Jan - Jun 2023
Number of Transactions
Unit Prices
Median Unit Price Jan - Jun 2023
77
Number of Transactions
H2
H2
H2
H2
H2
H2
H2
H2
H2
20 13 H2
H2
Number of Transactions (6 months)
20 22
0 20 21
5
$0 20 20
$100,000
20 19
10
20 18
15
$200,000
20 17
$300,000
20 16
20
20 15
25
$400,000
20 14
$500,000
20 12
Median House Price Jan - Jun 2023
House Prices Median Price
$322,500 (+11.2%)
Residential Market Trends 2012 - 2023
Dwel lings Leased
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Page 49
West Lamington Suburb Overview Key Statistics (% change H1 2022 – H1 2023)
Residential Market Trends 2012 - 2023
Median Unit Price Jan - Jun 2023
Number of Transactions
H2
H2
H2
H2
H2
H2
H2
H2
H2
H2
H2
Number of Transactions (6 months)
$355,000 (+54.3%)
20 22
0 20 21
$0 20 20
5
20 19
10
$100,000
20 18
$200,000
20 17
15
20 16
20
$300,000
20 15
$400,000
20 14
25
20 12
Median Price
4 3 2 1
Median Weekly Rent Jan - Jun 2023
Number of Transactions (6 months)
20 22 H2
20 21 H2
20 20 H2
20 19 H2
20 18 H2
20 17 H2
20 15
20 16 H2
H2
20 13
20 14
0 H2
H2
$571/week (+6.3%)
5
Number of Transactions
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 20 12
Median Price
Unit Prices
H2
Median House Price Jan - Jun 2023
$500,000
20 13
$385,000 (+2.8%)
Median Price
House Prices
Median Price
Source: Settled Sales sourced from Landgate, Online Property Listings from Domain, Vacancy Rates from SQM Research
14
$600
12
$500
10
$400
8
$300
6
$200
4
$100
2
$0
0
Dwel lings Leased
Page 50
Goldfields-Esperance Development Commission
Median Weekly Rent
HOUSING & LAND SUMMARY | 1 January - 30 June 2023 (H1)
Number of Transactions
Average Days to Sell Jan - Jun 2023
$700
Q1 Q2 20 1 7 Q3 20 1 7 2 Q4 0 1 7 Q1 20 1 7 2 Q2 0 1 8 Q3 20 1 8 2 Q4 0 1 8 2 Q1 0 1 8 Q2 20 1 9 2 Q3 0 1 9 2 Q4 0 1 9 Q1 20 1 9 2 Q2 0 2 0 Q3 20 2 0 2 Q4 0 2 0 2 Q1 0 2 0 Q2 20 2 1 2 Q3 0 2 1 2 Q4 0 2 1 Q1 20 2 1 2 Q2 0 2 2 Q3 20 2 2 2 Q4 0 2 2 2 Q1 0 2 2 Q2 20 2 20 3 23
51
Median Price
Dwellings Leased and Rents
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 Lease
Data sourced from Domain, based on dwelling listings recorded by Domain.
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 2021 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 Characteristics, Income, Mortgage Repayments
Data sourced from the ABS Census for 2021.
Tenure and Landlord Type
Data sourced from the ABS Census for 2021.
Goldfields-Esperance Development Commission info@gedc.wa.gov.au gedc.wa.gov.au
Kalgoorlie Office Viskovich House 377 Hannan Street Kalgoorlie WA 6430 (08) 9080 5000
LinkedIn: Goldfields-Esperance Development Commission @GoldfieldsEsperanceDevelopmentCommission
Esperance Office Suite 26c Dutton Arcade 91 Dempster Street Esperance WA 6450 (08) 9083 2222
As publishers of this report, the Goldfields-Esperance Development Commission make 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.