Looking at the REIWA September Quarter property statistics which have recently been released and note that Kalgoorlie Boulder is the only major centre below the 26th Parallel that has shown consistent capital growth each year for the last decade. All the other areas skyrocketed during the pre GFC property boom and came back to earth with a jolt immediately afterwards. Kalgoorlie Boulder’s property values on the other hand performed at a steady growth rate.
The Kalgoorlie Boulder market is very consistent and whilst we experience stronger and weaker periods of activity we do not suffer the massive fluctuations in price of other centres. We also enjoy a better rental return, the median rent in Kalgoorlie Boulder was $420 for the quarter, the next best country centre was Geraldton at $350, Bunbury and Mandurah at $340 with Albany bringing up the rear at $300. Kalgoorlie Boulder, with the highest rent and lowest capital outlay, shows by far the best return to investor!
