5/28 Coolibah Drive, Kununurra WA 6743
5/28 Coolibah Drive, Kununurra WA 6743
2-bed villa | heritage overlay present | established rental demand | 91sqm internal | combined bathroom-laundry
This villa offers a rare combination of a compact footprint with a substantial landholding, a configuration that typically appeals to buyers seeking low-maintenance living with future subdivision potential. The heritage overlay introduces a planning constraint that may deter some purchasers, but for those comfortable with it, this property sits in a tightly held market with consistent rental demand and limited competing stock. The 1997 build is modern enough to avoid major structural concerns while offering a functional layout with built-in robes and a combined bathroom-laundry that suits downsizers or investors targeting the Wyndham-East Kimberley rental pool.
The heritage overlay is the primary risk, as it may restrict alterations or redevelopment, and the combined bathroom-laundry layout may not suit all owner-occupiers. However, the absence of bushfire and flood overlays reduces environmental risk, and NBN connectivity supports remote work or tenancy appeal. The land size of nearly 4,000sqm on a villa title is unusual and could represent a strategic opportunity for future subdivision or dual-occupancy development, subject to council approval. This property best suits a buyer with a medium-term horizon who values land content and rental income in a regional market with limited supply.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 5/28 Coolibah Drive, Kununurra WA 6743
Market Insight:
Kununurra is a remote regional centre with a tight, high-yield rental market driven by a significant tenant population and critically low vacancy rates. Demand is anchored by family households, with sales activity reflecting a steady but limited turnover. Recent price trends show divergence between asset types, with house values experiencing modest pressure while unit performance has been volatile. Future conditions hinge on the balance between constrained supply and broader affordability, with sensitivity to interest rate movements influencing buyer activity.