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Kalgoorlie-Boulder is an expansive regional city comprising of 6761 residential homes. In 2008, the median house price in Kalgoorlie-Boulder was $350,000.
With a young population, average age of 30, Kalgoorlie-Boulder has a large percentage of first homebuyers.
The five-year annual growth rate in the local property market has been recorded at a significant 21.2%per cent. Kalgoorlie-Boulder also has a strong home rental market, with a median rental price in 2008 recorded at $180.
With a median weekly family income in excess of $1,700, there has traditionally been significant investment in the local real estate market, with many people who move to the town for employment choosing to purchase a home rather than rent.
Kalgoorlie-Boulder is home to many real estate agents, all offering properties for rent and sale. Central Kalgoorlie has always been a strong performer for both consistent sale prices and rental returns on investment properties.
The suburb of Lamington, immediately to the north of Kalgoorlie, has a large proportion of the City’s character homes.
The central area of Boulder is also known for its traditional Goldfields-style homes, which are usually more attractive to first homebuyers due to the fact they attract a relatively lower sale price to similar properties in central Kalgoorlie. For those interested in living in Boulder, but wanting a modern dwelling, the sub-division of Fairways has a large selection of brick homes.
Hannans, located on the northern border is one of the City’s premiere suburbs, with a large proportion of modern, executive-style brick homes. Hannans is also home to the new developments of Karlkurla Rise, and Greenview at Karkurla, which overlooks the new Kalgoorlie-Boulder Grass Golf Course.
O’Connor, a suburb to the West of the Kalgoorlie central business district, is another modern area that has expanded rapidly and offers a wide variety of modern executive housing.
The Real Estate Institute of WA has a representative in Kalgoorlie-Boulder and more information about home sales in the area can be found on their website: http://www.reiwa.com.au/.