Housing
Housing
Housing is the most important asset owned by the majority of Australian households.The Kimberley Development Commission works towards a future where the region’s housing conditions are similar to the rest of Australia. This means that the families of the region will have access to affordable housing in well-serviced and well maintained settlements delivering high standards of amenity.
The Commission envisions a future where housing will be predominantly privately owned, with a strong private housing market to help moderate housing prices and rents and establish a vibrant residential construction industry based on sustained demand.
It is also a goal that those families within social housing will be able to access options for transition out of social housing to take up education, employment and home ownership.
In this section we present a number of statistics on the Kimberley housing market. In the period from the 1990s until the mid 2000s, the region experienced relatively strong housing price growth in line with a significant increase in the debt-to-income ratio of Australian households. Since the mid 2000s, population growth and infrastructure projects such as the Ord Irrigation Expansion Project (Stage 2) have played an increasing role in explaining housing price growth across the region. The peak of the housing market in the Kimberley occurred in 2013, which many specialists attribute to the mining boom experienced by the State resulting in peaks in housing prices in Regional WA.
Kimberley Real Estate
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*Median Historical House prices based on rolling sales for houses only, land size range less than 1 hectare since financial year 1989/90 to financial year 2020 year to date, subject to revision. Where prices show as ‘zero’ it means no sales and/or no data available.
Building Approvals
Building Approval statistics are a useful tool to monitor economic activity, employment and investment in the region, for they can point to what comes next in the construction cycle, including employment in the construction sector. Data recently released by the Australian Bureau of Statistics (ABS) for 2020-2021 Financial Year to Date (FYTD) shows that there have been 41 building approvals for the region. This may be reflective of a recovery in the regional construction industry, partly led by stimulus packages at various levels of government in response to COVID-19.
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Useful Links
Invest In the Kimberley
The Kimberley boasts many progressive, vibrant and promising industries with large potential for future growth.
Annual Report
Ensuring the transparency and accountability for the Kimberley Development Commission.
Our Region
The Kimberley is a complex landscape that represents one sixth of Western Australia’s land mass; equivalent to twice the size of Victoria.
Local Content
Our Local Content Advisor will help develop, promote and maximise opportunities in the regions.