Kununurra Short-Term Rental (Airbnb) Market
Kununurra WA Investment Analysis
HOLD
— 7.9% gross yield on a $463,000 median.
THE MARKET
Median house price in Kununurra sits at $463,000 with 48 days on market and a 2.1% vacancy rate. This is a balanced market right now.
- **Median house:** $463,000 | **Units:** $122,396 - **Gross yield:** 7.9% | **Net yield:** 6.4% - **5yr price CAGR:** -3.8%/yr | **3yr forecast:** -4.3%/yr - **Population:** 6,681 | **Owner-occupier rate:** 31% | **Affluence:** Average
- **Supply pipeline:** Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- **Vacancy:** 2.1% (worsening) | **Rental demand:** High - **Median weekly rent:** $700/wk | **Days on market:** 48 (worsening) - Balanced market — vacancy manageable but monitor trend.
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
- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location
BULL CASE
If Kununurra maintains 3%+ annual growth and vacancy stays below 1.5%, median prices could reach $532,450 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Kununurra pull back 10-15% from $463,000, with vacancy rising to 3.8% and rental yields softening as tenants gain leverage.
KEY RISKS
- Negative price growth suggests a softening market
COMPARABLE MARKETS
- **Collie** (WA): $479,000 median, 6.1% yield, 31.2% 1yr growth - **Geraldton** (WA): $483,000 median, 5.4% yield, 25.2% 1yr growth - **Kalgoorlie** (WA): $375,000 median, 9.7% yield, 10.3% 1yr growth
THE PLAY
Kununurra offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 8.4%.
- Entry range: $416,700 – $509,300 - Minimum gross yield to target: 8.2% - Watch signal: vacancy dropping below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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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.