Port Hedland

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Seven of the nine regional WA locations experienced quarterly median house price growth during the December 2020 quarter.  

REIWA President Damian Collins said the reiwa.com data shows eight experienced house price growth compared to the December 2019 quarter too.  

Port Hedland saw the biggest improvement, with its median price increasing to $270,000. 

“This represents an improvement of 9.3 per compared to the September 2020 quarter and 17 per cent compared to the December 2019 quarter,” Collins said.

"Esperance was another strong performer, with its median increasing to $343,000, an increase of 3.9 per cent during the quarter and 9.8 per cent compared to the December 2019 quarter,”  Collins noted.  

Five regional centres saw sales activity increase during the quarter, led by Karratha and Geraldton were the standouts. Sales activity was up 15 per cent in Karratha and 12 per cent in Geraldton during the quarter. 

The other centres to record improvements were Port Hedland (up seven per cent), Albany (up four per cent) and Kalgoorlie-Boulder (up one per cent).  

“Overall, the regional sales markets are showing strong signs of recovery, with mining sectors like Port Hedland and Karratha leading the way,” Collins conclude.

“This is in part due to the commitment by mining companies to keep their workers in WA as they continue to navigate the COVID-19 travel restrictions.” 

<img alt="" height="513" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/wa_houses_2020.jpg" width="712">

Meanwhile rental listings declined in seven regional centres during the December 2020 quarter.  

Busselton and Bunbury saw the biggest reduction during the quarter, with listings down 36 per cent and 23 per cent respectively.

With fewer rentals available across regional WA, tenants were having to offer more weekly rent to secure a lease with Port Hedland and Karratha recorded the biggest quarterly increase in rent price, with their median rents up $55 to $550 per week and $50 to $700 per week respectively.  
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Port Hedland houses saw the biggest improvement across WA, up 10% with its median price increasing to $270,000

jchancellor

90% of West Australia saw house price growth in 2020

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A class action has been flagged against the State Government by dust-affected residents of Port Hedland over a voluntary buyback scheme for their homes.
The government announced that, under the terms of the a $200 million scheme, residents of Hedland’s West End will be offered a 35 per cent premium to the agreed market value of their homes on August 6 last year along with $20,000 for transaction costs.
The scheme is to be funded by iron ore miners such as BHP after months of negotiation between industry and residents, who have complained about the dust from iron ore loading operations at the port affecting both their health and amenity.
It will open in the second half of the year and remain open for at least three years.
Residents who bought during the last mining boom, however, are likely to lose hundreds of thousands of dollars on the original value of their homes as property prices have diminished due to the worsening dust problem.
Port Hedland Community Progress Association spokesman Jim Henneberry said West End residents wanted to see a 35 per cent premium to the “unaffected value” of their homes.
“The people of Port Hedland don’t want the port to stop growing… but do it in a healthy manner or give people their fair share and buy them out,” Mr Henneberry said.
According to Mr Henneberry, the progress association has a class action almost ready to go.
“We’re not just going to lie down and take it”, he said.
BHP WA Iron Ore acting asset president Tim Day said the company supported the voluntary buyback scheme, yet it is still unclear what proportion of the plan will be funded by individual port users.
The buyback offer comes after an ACIL Allen report which estimated the port contributed $54.7 billion to the WA economy last financial year.
The Port Hedland Industries Council, who commissioned the report, also welcomed the scheme, saying it would consult the State Government to determine a suitable funding arrangement.
The State Government said the voluntary scheme, which is available to owners of more than 400 permanent residential dwellings, would not lessen its responsibilities for dust mitigation in the town.
Regional Development Minister Alannah MacTiernan said the scheme was designed to provide options to property owners in the West End whose land was subject to a rezoning to limit residential use.
“The McGowan Government is committed to developing the West End as Port Hedland’s buzzing maritime and commercial hub, backed by our investment into the Spoilbank Marina and ongoing work on future opportunities for the area,” she said.
Source: <a href="https://edition.thewest.com.au/html5/shared/ShowArticle.aspx?doc=WAN%2F2020%2F06%2F13&amp;entity=Ar06301&amp;sk=4352F19E&amp;mode=text" target="_blank">Port Hedland Dust-up</a> published by the West Australian
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j.ballantyne1990-6AQqhLzZaK

Port Headland residents launch class action over buyback scheme

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A Port Hedland duplex has time-travelled 20 years, and $460,000, back in time to sell for just $95,000 by the mortgagee in possession.
It's the same price <a href="https://www.realestate.com.au/sold/property-duplex+semi-detached-wa-port+hedland-128443178" target="_blank">46a Moore Street</a> scored when it sold back in 1999.
In 2010, however, the 1966 built property sold for $555,000.
<img src="https://www.urban.com.au/images/2018/12/6/Port%20Hedland%202.JPG" alt="">
The two bedroom one bathroom semi-detached home is one street back from the beach.
Set on 482 sqm the home boasts original floorboards throughout as well as a double undercover carport.
Featuring an open plan living and dining arrangement the duplex also has a fully fenced backyard large enough for a pool.
The house was originally sold by the state housing commission for $29,000 in 1994.
The recent sale was listed as sold by the First National office, whose recent sale successes put them in the group's top 10 performers, resulting a reward with attendance at the recent National Association of Realtors (NAR) convention in Boston.
 
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Time travelling Port Hedland home sold by mortgagee

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In the town of Port Hedland, a three bedroom house has been sold by mortgagees for $425,000.
The Western Australian house had last sold at $965,000 in 2008. 
Situated at<a href="https://www.realestate.com.au/sold/property-house-wa-port+hedland-128371350" target="_blank"> 6 Sutherland Street, Port Hedland</a>, the oceanfront reserve home comes with three bedrooms, spacious living area, modern bath, and multiple sheds.
It is located only a short stroll to The Yacht club, the beach, and St Cecilia's Primary School.
It is adjacent to the Spoil Bank Recreation Reserve.
The town's median house price sits at <a href="https://www.urban.com.au/news/11994-port-hedland-wa" target="_blank">$395,000</a>, according to CoreLogic. 
It was sold by Victoria Thoegersen and Jim Henneberry from Property Shop. 
 
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Oceanfront reserve Port Hedland house sold for half a million loss by mortgagees

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A Port Hedland one bedroom unit with views of the ocean has been sold for $150,000 by mortgagees.
It was sold by Rick Hockey from Hedland First National last month. 
Built in 2014,<a href="https://www.realestate.com.au/sold/property-apartment-wa-port+hedland-126990010" target="_blank"> 5/2 McKay Street</a> comes with one bedroom, open plan kitchen, dining and lounge room, and balcony overlooking the ocean and inlet harbour.
Additional features include split system air conditioning, personal storage room next to apartment and undercover car parking plus visitor car parking.
It is close to the Dome Café and the Port Hedland town centre.
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Port Hedland apartment with ocean views sold by mortgagee

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A modern well-appointed South Hedland home has been sold by mortgagees for $280,000.
It was a two storey, four bedroom, three bathroom family home.
Monique Anlezark, the Hedland Property Shop agent, <a href="https://www.realestate.com.au/sold/property-house-wa-south+hedland-125479478" target="_blank">listed it in May at $300,000</a>.
The 2001-built home was offered as a $650 a week rental in 2016.
It had previously been a rental offering in the mining boom when around $1750 was sought.
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$1250 a week South Hedland rental sold by mortgagee at $280,000

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Karratha was one of the first mining towns to slump when the mining boom began to fizzle back in 2012-2013. 
Property prices in the West Australian port town have been in decline ever since and new data from SQM Research indicates that there is no sign of a resurgence. 
SQM's Louis Christopher took a look at the latest charts and saw little sign of short-term hope for the mining town's property investors. 
"The update shocked me," Christopher said in the firm's latest update.
"House prices are still plunging there, with no sign of a bottom, as this SQM Research chart reveals."
<a href="/images/2016/09/28/CHART1.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/09/28/CHART1.jpg" alt="" width="515" height="274">
It's not just property prices that have taken a hit form the end of the mining boom. Rental prices in the region have also fallen in Karratha. 
"The <a href="https://sqmresearch.us5.list-manage2.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=42e441357f&amp;e=0aab96dc54" target="_blank">rental market</a> is no better," Christopher said.
<a href="/images/2016/09/28/CHART2.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/09/28/CHART2.jpg" alt="" width="522" height="276">
Christopher said that other mining towns in the region are faring little better, analysing conditions in Port Hedland. 
"It is no better in Port Hedland either, where <a href="https://www.sqmresearch.com.au/asking-property-prices.php?postcode=6721&amp;t=1" target="_blank">asking prices</a> for properties have tanked," he said.
<a href="/images/2016/09/28/CHART3.jpg" target="_blank">Click here to enlarge</a>
<img src="/images/2016/09/28/CHART3.jpg" alt="" width="496" height="261">
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jonathanchancellor-7SQnKwU6yx

Karratha and Port Hedland property prices still tanking: SQM

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It was almost six months ago that a WA mining town home auction shocked the nation.
The ABC reported on a Port Hedland February auction where the fibro cottage was passed in at auction for $360,000 unsold.
Its highest offer reflecting 2006 price levels.
Immediately after the auction came its declared $600,000 asking price, then $590,000 in March.
It had last traded four years ago for $1.3 million, and before that at $870,000 in 2009 and at $350,000 nine years ago in 2006. 
This month it had yet another asking price reduction - down from $470,000 to<a href="https://www.janfordrealestate.com.au/1928630/" target="_blank"> $435,000</a>. 
The three bedroom, one bathroom 1960s house sits in the heart of the Western Australian mining town. It is within the business and commercial district, opposite developments and not far from the boat ramp, Marapikarrinya Park, and fishing wharf.
<img src="/images/2015/06/17/700_headland.jpg" alt="" style="line-height: 1.3em;">
Real estate agent Barry Walsh at Jan Ford Real Estate told the ABC the top February bid was a sign the mining boom's construction phase had tapered off.
Negotiations continue for the sale of the cottage with 145 square space on its 600 square metre block.
It was initially listed for private treaty sale in June 2013 at $1.42 million.
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