Investor Research Note · Residential Houses · Early Access

Kalgoorlie-Boulder

WATier 1EmergingPositiveEarly-Mid
68
/100
Policy
▲ STRONG UPGRADE
Rank #8 of 20

6.4% yield on a 30,000-population regional city with Australia's largest open-cut gold mine as anchor employer. Gold price at USD 2,300+/oz makes operations deeply profitable and workforce stable. Rent growth +7.0% outpacing price growth +8.0%. Liquidity is better than typical regional at this price point.

Market Metrics
Gross Yield
6.39%
Rent Growth
+7%
Price Growth
+8%
Vacancy
0.8%
Median Price
$432k
Weekly Rent
$530
Population
30k
Income Level
Med
NG Dependence
None
National Rank
#8
Cashflow Estimate
80% LVR at 6.5% interest. Indicative only.
Annual Rent
$27,560
Annual Interest
$22,464
Net Pre-Costs
+$5,096
NG Required?
No
Rent Projection
At 7% annual rent growth. Model estimate only.
PeriodWeekly rentAnnual rentvs. InterestStatus
Now$530/wk$27,560+$5,096Positive
Year 1$567/wk$29,489+$7,025Positive
Year 2$607/wk$31,553+$9,089Positive
Year 3$649/wk$33,762+$11,298Positive
Year 4$695/wk$36,126+$13,662Positive
Investment Signal

6.4% yield on a 30,000-population regional city with Australia's largest open-cut gold mine as anchor employer. Gold price at USD 2,300+/oz makes operations deeply profitable and workforce stable. Rent growth +7.0% outpacing price growth +8.0%. Liquidity is better than typical regional at this price point.

Risk / Warning

Mining-cycle sensitivity: gold price risk, although at current levels operations are deeply profitable; FIFO accommodation can influence vacancy direction; limited residential development creates upside but also re-sale risk.

Budget Policy

6.4% yield = $27,560 annual rent vs $22,484 interest = $5,076 positive pre-cost cashflow. No NG needed. CGT indexation highly advantageous given 8%+ annual price appreciation.

Economic Catalysts
Super Pit gold mine (Newmont/Barrick, world's largest open-cut gold mine)Nickel and lithium processing hubWA School of Mines (Curtin University)Regional government services
Score Breakdown
68 / 100
Rental yield signal
+19
Rental momentum
+13
Yield vs. price spread
+8
Supply tightness
+11
Economic fundamentals
+13
Market liquidity
+7
Discovery discount
-3
Policy adjustment+6pts
Total score68
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Data Sources

CoreLogic WA Q1 2025 · REIWA median house price Q4 2024 · SQM Research vacancy · WA Department of Mines production statistics 2024 · World Gold Council Q1 2025

VintageQ1 2025 (indicative). All figures are model estimates compiled from public sources. Verify independently before making any investment decision. Not financial advice.
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