Kalgoorlie Short-Term Rental (Airbnb) Market
Kalgoorlie WA Investment Analysis
BUY
— vacancy at 0.3% and $700/wk rent puts this in the top tier of WA yield suburbs.
THE MARKET
Kalgoorlie has compounded at 8.2%/yr over 5 years — a house that cost $252,869 in 2021 is worth $375,000 today. Properties are sitting on market for 27 days (sellers have the leverage). At the same growth rate, today's median reaches $556,119 by 2031.
- **Median house:** $375,000 | **Units:** $119,240 - **Gross yield:** 9.7% | **Net yield:** 8.2% - **5yr price CAGR:** 8.2%/yr | **3yr forecast:** 9.3%/yr - **Population:** 11,113 | **Owner-occupier rate:** 34% | **Affluence:** High
- **Supply pipeline:** Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- **Vacancy:** 0.3% (improving) | **Rental demand:** Very High - **Median weekly rent:** $700/wk | **Days on market:** 27 (stable) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $165/night | **Occupancy:** 66% - **Estimated annual STR gross:** ~$39,748/yr - **vs long-term rent:** $36,400/yr (comparable — LTR offers simpler management)
INFRASTRUCTURE & CATALYSTS
- **Kalgoorlie Rail Realignment Project** (planned) - **Kalgoorlie Regional Renewable Energy Project** (planned) - **50MW Vanadium Flow Battery Energy Storage System** (planned) - **M/Group Modular Residential Village** (under construction) - **Transport:** Well-connected inner-city location
BULL CASE
If Kalgoorlie maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $431,250 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Kalgoorlie pull back 10-15% from $375,000, with vacancy rising to 0.5% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Carnarvon** (WA): $284,169 median, 8.5% yield, 2.0% 1yr growth - **Collie** (WA): $479,000 median, 6.1% yield, 31.2% 1yr growth - **Geraldton** (WA): $483,000 median, 5.4% yield, 25.2% 1yr growth
THE PLAY
Kalgoorlie presents a compelling investment opportunity. The combination of solid fundamentals and very high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 9.7% and prioritise properties with value-add potential. Consider timing entry around the current growth phase of the market cycle.
- Entry range: $337,500 – $412,500 - Minimum gross yield to target: 10.0% - Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
10-Year Investment Projection
Modelled on Kalgoorlie WA data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $700/wk median rent for Kalgoorlie. Capital growth and rent increase are editable assumptions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.