As a fictional location, WALGUN in East Pilbara, WA, presents a unique housing market influenced by its regional characteristics and economic activities. The East Pilbara area, known for its rich mineral resources, particularly iron ore, usually dictates the housing market trends, with demand often closely tied to the mining industry’s performance. In periods of mining boom, one could expect a surge in housing demand, leading to increased prices and a competitive market. This boom creates opportunities for real estate investors and challenges for local residents seeking affordable housing solutions. Conversely, during downturns in the mining sector, housing prices might stabilize or decrease, making it more accessible for first-home buyers and those looking to enter the property market.
Living in WALGUN likely provides a unique blend of rural and semi-urban lifestyle experiences, shaped by the natural beauty of the East Pilbara region. Residents might enjoy a close-knit community atmosphere and a quieter pace of life compared to the bustling metropolitan hubs. The area's landscape, characterized by rugged ranges and vast desert horizons, offers a multitude of outdoor activities, from hiking and birdwatching to exploring the cultural heritage of Indigenous communities. The economic dependency on mining could also mean that the level of amenities and services available is tailored to support the industry workforce, which might include modern facilities in healthcare, education, and recreational options. However, the remoteness might also pose challenges such as limited access to certain services and goods, requiring residents to adapt to a self-sufficient lifestyle and develop resilience.
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Housing Stock
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Thinking about buying in Walgun? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Walgun there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Walgun is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Walgun leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Walgun to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Walgun we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Walgun a better buying opportunity than it may have been in the past.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Walgun there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 3.9 | 25.3 | 38.5 | 24.7 | 67.2 | 4.2 | 25.3 |
| Feb | 2.0 | 24.2 | 37.5 | 24.9 | 66.6 | 4.0 | 24.4 |
| Mar | 0.9 | 22.8 | 36.8 | 20.7 | 56.9 | 3.5 | 22.8 |
| Apr | 1.2 | 18.1 | 32.5 | 21.1 | 58.7 | 3.1 | 19.5 |
| May | 0.3 | 12.4 | 27.8 | 22.6 | 66.4 | 2.9 | 16.4 |
| Jun | 0.6 | 8.8 | 23.4 | 27.3 | 72.2 | 2.9 | 14.7 |
| Jul | 0.4 | 7.3 | 23.4 | 24.8 | 71.0 | 2.8 | 15.8 |
| Aug | 0.0 | 8.4 | 26.7 | 14.7 | 54.0 | 3.1 | 19.4 |
| Sept | 0 | 12.5 | 30.8 | 10.8 | 40.5 | 3.7 | 23.4 |
| Oct | 0.2 | 18.2 | 35.9 | 10.4 | 41.7 | 3.7 | 26.0 |
| Nov | 0.5 | 21.8 | 38.0 | 10.9 | 42.5 | 4.1 | 28.9 |
| Dec | 1.4 | 24.6 | 39.0 | 17.2 | 55.2 | 4.1 | 28.9 |
source: Australian Government Bureau of Meteorology
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