Calista WA Property Investment
Serpentine-Jarrahdale · 6167 · Score: 58/100 · Hold
Calista Short-Term Rental (Airbnb) Market
Calista WA Investment Brief
HOLD — 4.3% gross yield on a $680,000 median.
THE MARKET
Calista has compounded at 1.2%/yr over 5 years — a house that cost $640,629 in 2021 is worth $680,000 today. Properties are sitting on market for 18 days (sellers have the leverage). At the same growth rate, today's median reaches $721,791 by 2031.
- Median house: $680,000 | Units: $489,648
- Gross yield: 4.3% | Net yield: 2.8%
- 5yr price CAGR: 1.2%/yr | 3yr forecast: 13.5%/yr
- Population: 1,975 | Owner-occupier rate: 69% | Affluence: Below Average
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 0.9% (improving) | Rental demand: Very High
- Median weekly rent: $565/wk | Days on market: 18 (improving)
- Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- Median nightly rate: $430/night | Occupancy: 37%
- Estimated annual STR gross: ~$58,020/yr
- vs long-term rent: $29,380/yr (+97% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Standard suburban transport access
BULL CASE
If Calista maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $782,000 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Calista pull back 10-15% from $680,000, with vacancy rising to 1.6% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- Mandurah (WA): $746,319 median, 3.8% yield, 16.5% 1yr growth
- Balga (WA): $750,000 median, 5.0% yield, 14.1% 1yr growth
- Girrawheen (WA): $775,000 median, 4.4% yield, 16.5% 1yr growth
THE PLAY
Calista offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.8%.
- Entry range: $612,000 – $748,000
- Minimum gross yield to target: 4.6%
- Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
high confidenceBasis: 5yr CAGR 1.2% + 10yr CAGR 3.2%
- +Very tight rental market (vacancy 0.9%) — upward price pressure
- +Fast sales (18 days avg) — strong buyer demand
- +Premium transport infrastructure — supports long-term capital growth
- −High supply pipeline (2150 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-04
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
285
2020
596
2021
520
2022
368
2023
381
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 6167
Decile 3 of 10 — High disadvantage
Population
28,476
Education (IEO)
2/10
Econ. Resources (IER)
4/10
10-Year Investment Projection
Modelled on Calista WA data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $565/wk median rent for Calista. Capital growth and rent increase are editable assumptions.
Nearby Suburbs
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.