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Snapshot provides optimism about Pilbara housing market

Oct 23, 2019

Image: Aerial view of housing in Karratha.

The Pilbara Development Commission has published the June 2019 edition of the Pilbara Half Yearly Housing and Land Snapshot.

The much-anticipated report shows that while the number of houses sold in the Pilbara in the past six months is less than in the same period last year, median house prices have continued to rise.

A total of 237 houses were sold across the Pilbara in the first half of 2019 compared to 360 houses sold in the first half of 2018, and 406 sold in the latter half of 2018.

The median house sale price for the whole Pilbara for the January-June 2019 period was $289,500, which is the highest recorded for a six-month period since 2016.

Median house sale prices in each of the region's four local government areas (Town of Port Hedland; City of Karratha; Shire of East Pilbara; and Shire of Ashburton) were higher in the first six months of 2019 than they were in the second half of 2018.

City of Karratha recorded the highest median house sale price for the first six months of 2019 at $342,500 (up 7.3 per cent from the first half of 2018) followed by the Shire of Ashburton at $272,250 (up 13.9 per cent from the first half of 2018).

Median unit sale prices for the region also recorded a rise, at $148,150 for the six months to June 2019, compared to $120,000 for the same period in 2018.

Meanwhile, the number of dwellings listed for lease has continued to decrease, with 506 listed in the first half of 2019, down from the 681 listed in the first half of 2018.

The Pilbara Half Yearly Housing and Land Snapshot report is available for download here. Click on the blue 'Housing & Land' tab to open up the available downloads.

Read the Minister's statement about the report here .


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