Located in Western Australia within the Kalgoorlie-Boulder local government area, Kalgoorlie is a smaller residential area (postcode 6430). With a population of 3,711, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $109K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, machinery operators & drivers, professionals. Employment in the area leans toward mining and healthcare. The top ancestries reported are English, Australian, Scottish.
Kalgoorlie has a median house price of $378,000, which has risen solidly by 9.8% year-on-year. Units have a median price of $318,000 (+24.5% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $1,517.
Kalgoorlie is served by 12 schools, including 8 primary, 3 secondary, 1 special. The average ICSEA score is 909, which is below the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops.
From an investment perspective, The gross rental yield works out to roughly 8.8%, which reads as high yield. Property prices sit below the state median ($378K/$951K), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +9.8% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.