Fraud Blocker

Kununurra, WA 6743

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Kununurra, WA 6743 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Kununurra, WA 6743”

  1. The total adult population (15 years or older) of Kununurra 6743 WA is 4,232, with a median age of 33. Of those, 36.86% are married, 10.70% are divorced or separated, 49.57% are single and 2.62% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,456. The median monthly mortgage repayment for households in this suburb is $2,019 which is 21.35% of their earnings.

    Source: ABS Census Data (2021)

  2. In the picturesque suburb of Kununurra, Western Australia, with an estimated count of 2,664 households, the property market exhibits some compelling characteristics worthy of consideration for property investors. As of the third quarter in 2023, the typical prices for houses in the region are around $438,977, while the median weekly rent sits approximately at $527.

    This generates an indicative yield of around 6.24%, a figure that may entice cashflow-centered investors given its high yield surpassing the 3% minimum attractive market requirement. It showcases the strong rental yields and potential lucrative return on investment opportunities that the market herein presents.

    The socio-economic score for Kununurra is 979 out of a maximum 1217, indicating a healthy socio-economic status of the residents. However, the renter to owner ratio stands at 59%—a figure that raises eyebrows, as it surpasses the 45% threshold, indicating a high proportion of renters that could potentially impact the overall appeal of the neighbourhood.

    The units to houses ratio is merely 12%, a considerably low proportion that suggests a favourable investment climate with less rental competition. The affordability index for houses is around 18 years, signalling high affordability in the area.

    Analysing the supply metrics, the suburb records a stock on market Percentage of 0.22%, revealing a low supply market that could potentially stimulate competitive property prices. Correspondingly, the inventory level for houses is 1.5 months, substantiating the low supply sentiment.

    New home development in the area seems to have cooled off, indicated by a building approvals Ratio of 0%. A higher days on market count of 242 levels suggests slightly reduced demand; conversely, this can open up some room for negotiation for potential buyers.

    As for the vacancy rates, they sit at a minimal 0.38%, thus reflecting an exceptionally high demand. Lastly, whilst the buy search index for houses stands at a neutral level of 3, it neither negates nor significantly impacts the overall market’s favourability.

    This analytical examination into the property market is a testament to the benefits of informed decision-making. Deciphering the market’s current state, its fundamental metrics and ongoing trends are essential in optimising your returns on investment. Nonetheless, it’s pivotal to remember that while some metrics may fall within unfavourable ranges, the majority favourable outcomes can outweigh these, as highlighted by the Relative Composite Score (RCS) from HtAG analytics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment