Housing

The Commission envisions and is working towards a future where the region’s housing conditions are similar to the rest of Australia. This means that:

The following statistics represent the Kimberley housing market and provide comparisons between Broome and the rest of regional Western Australia. For more detailed information please see Landcorp’s Expert Position Paper ‘Townsite Land Supply and Challenges for the Future.’

Kimberley Real Estate – Year to March 2015

LocationHouse SalesUnit SalesLand SalesHouse Price 2010House Price 2014House Price 2015Annual Average Change 5 years
Broome1163062$645,000$615,000$585,000-1.9%
Derby1512$360,000$412,500$330,000-1.7%
Kununurra2724$480,000$423,350$470,000-0.4%
Kimberley*1623370$589,500$530,000$551,250-1.3%
Regional WA7,6409143,515$375,000$380,000$380,0000.3%

* Kimberley also includes other small Kimberley towns

Source: Real Estate Institute of WA (REIWA)

Median Weekly Rental Rate by WA Town – December Quarter 2013

LocationMedian RentAnnual Change
Port Hedland$750-42%
Karratha$650-19%
Broome$500-17%
Busselton$4206%
Bunbury $360-3%
Albany$3509%
Kalgoorlie-Boulder$340-6%
Geraldton-Greenough$320-11%

Source: Real Estate Institute of WA (REIWA)

Residential Dwelling Approvals

Residential Dwelling Approvals

 

 

 

 

 

 

 

 

 

 

 

 

Source: Department of Regional Development and the Australian Bureau of Statistics.

Total Value of Residential Building Approvals

Value of Residential Building

 

 

 

 

 

 

 

 

 

 

 

 

Source: Department of Regional Development and the Australian Bureau of Statistics.