Kununurra is a moderately sized suburb in Western Australia within the Wyndham-East Kimberley local government area (postcode 6743). It is home to about 5,494 residents, with a mix of young professionals and families and a median age of 33. Households earn a median income of $109K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Kununurra has a median house price of $411,000, which has grown strongly by 9.6% year-on-year. Units have a median price of $318,000 (+10.4% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 8.5%. The median monthly mortgage repayment is $2,019.
Kununurra is served by 6 schools, including 2 primary, 3 combined, 1 special. The average ICSEA score is 723, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
On the investment side, The gross rental yield works out to roughly 8.5%, which reads as high yield. Property prices sit below the state median ($411K/$951K), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +9.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.