Kargoolie/Boulder WA shows promising signs
According to ANZ House prices in Kalgoorlie/Boulder in the Goldfields-Esperance region of Western Australia have risen 10% over the year to September, making it the top-performing market in the state.
As the graph shows, regional markets in WA have been both the best performers and the worst performers over the 12-month period, with the largest price decline of 8% recorded in Pallinup in the Great Southern region.
Real Estate Institute of WA president David Airey said that in contrast to “unsustainable” house prices and rents in mining towns like Karratha, Port Hedland, South Hedland and Newman “the steady growth and more affordable market of Kalgoorlie-Boulder perhaps offers greater confidence to lenders”.
Notable on the list of top performing regions is Geraldton, picked by Terry Ryder as future potential Gladstone-like hotspot, where house prices increased 4% over the year to September.