128 Thundelarra Drive, Golden Bay WA 6174
128 Thundelarra Drive, Golden Bay WA 6174
Detached house on a mixed-use street | Modern coastal suburb | Family-oriented demand | Convenience retail within walking distance | Standard suburban lot
This property sits in a coastal pocket of Golden Bay where the housing stock is predominantly modern, detached family homes. The street itself carries a practical advantage—a recent commercial node with daily conveniences like a service station, fast food, and a gym sits nearby, which reduces the need to drive far for errands. That mix of residential and local retail is uncommon in purely dormitory suburbs, and it adds a layer of everyday functionality that many buyers appreciate. The likely configuration of three to four bedrooms with two bathrooms and a double garage fits the dominant buyer profile here: families seeking a straightforward, low-maintenance house in a school-friendly, coastal outer-metro location. For a first-home buyer or a young family, this is a sensible, liveable proposition rather than a flashy one.
The value picture may be shaped by how the property compares to others on the street in terms of land size and internal condition. A smaller lot, for instance, might cap upside compared to neighbours with more outdoor space, while a well-presented interior could justify a modest premium in a market where most homes are similar in age and layout. The proximity to the commercial precinct cuts both ways—it is convenient, but some buyers might prefer a quieter, purely residential street. Rental demand appears steady for this house type, which may support investor interest, though the yield is likely mid-single-digit rather than exceptional. The absence of any standout feature like a large block or water views means the price will hinge on how well the house is finished and maintained relative to its immediate competition.
|| Comparable Sales: 108 Thundelarra Drive sold April 2025; 52 Thundelarra Drive traded as commercial at $8.75M | Property Price Band: $600K–$700K | Value Drivers: condition and finish quality, land size relative to street norm, proximity to local retail node
Detailed Independent Property Report prepared by PropCred Analyst team for 128 Thundelarra Drive, Golden Bay WA 6174
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Golden Bay, in Western Australia’s Rockingham Region, is being driven by trade-qualified households earning $78k–$130k, with 79% of owners holding mortgages. House prices have risen 16–25% annually across sources to a $725k median, with 163 houses sold in 12 months and a 12-day median selling time. Strong sales velocity and low listing duration support further momentum, though the 63% year-on-year change in stock on market and limited unit supply signal rate sensitivity and low housing diversity. Rents around $600–$645 weekly and gross yields of 4.4–5% add investor appeal, but the high mortgaged-owner share leaves the market exposed to tighter monetary conditions.
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PropCred Estimated Value
Comparable Sales: 108 Thundelarra Drive sold April 2025; 52 Thundelarra Drive traded as commercial at $8.75M | Property Price Band: $600K–$700K | Value Drivers: condition and finish quality, land size relative to street norm, proximity to local retail node
Bedrooms
3
Bathroom
2
Parking
2
Land
375m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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