Wiluna WA Property Investment

PASS — 3.1% gross yield on a $200,000 (pending peer validation) median.

Wiluna has compounded at 1.6%/yr over 5 years. Median sits in the $200,000 (pending peer validation) band today. Properties are sitting on market for 45 days (roughly balanced conditions).

• Median house: $200,000 (pending peer validation) | Units: $0
• Gross yield: 3.1% | Net yield: 1.6%
• 5yr price CAGR: 1.6%/yr | 3yr forecast: 1.8%/yr
• Population: 521 | Owner-occupier rate: 14% | Affluence: Low

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

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $118/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $203/night | Occupancy: 30%
• Estimated annual STR gross: ~$22,102/yr
• vs long-term rent: $6,136/yr (+260% STR premium — factor in higher management costs)

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

If Wiluna maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $230,000 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Wiluna pull back 10-15% from $200,000, 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
• Morawa (WA): $190,000 median, 5.2% yield, 20.0% 1yr growth

Wiluna carries elevated risk that outweighs potential returns at current levels. A growth market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $180,000 – $220,000
• Minimum gross yield to target: 4.5%
• 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.