Condingup WA Property Investment

Condingup has compounded at 1.4%/yr over 5 years. Median sits in the $255,000 (single source — OnTheHouse only, no peer to validate) band today. Properties are sitting on market for 45 days (roughly balanced conditions).

• Median house: $255,000 (single source — OnTheHouse only, no peer to validate) | Units: $0
• Gross yield: 5.4% | Net yield: 3.9%
• 5yr price CAGR: 1.4%/yr | 3yr forecast: 1.2%/yr
• Population: 280 | Owner-occupier rate: 65% | Affluence: Average

• Supply pipeline: Moderate — Development activity consistent with long-term averages

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $265/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $1,015/night | Occupancy: 37%
• Estimated annual STR gross: ~$137,120/yr
• vs long-term rent: $13,780/yr (+895% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Standard suburban transport access

If Condingup maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $293,250 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Condingup pull back 10-15% from $255,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Pannawonica (WA): $222,725 median, 0.7% yield, 0.0% 1yr growth
• Kambalda East (WA): $209,982 median, 9.9% yield, 15.0% 1yr growth
• Gairdner (WA): $191,000 median, 4.4% yield, 0.0% 1yr growth

Condingup offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with moderate 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 5.9%.

• Entry range: $229,500 – $280,500
• Minimum gross yield to target: 5.7%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.