GEDC Housing & Land Summary January-June 2023 (H1)

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.