Kunamarra Street, Derby

3 Kunamarra St, Derby WA — Investment Property

We recently acquired 3 Kunamarra St, Derby, and are now mapping out our strategy for this four-bedroom residence on a well-located street in the heart of one of northern Western Australia's most compelling property markets. Acquired at a sharp entry price, the property presents clear potential through a targeted renovation, and we are currently evaluating whether a renovation-to-flip or a long-term high-yield rental hold delivers the strongest return. Both paths are genuinely compelling in Derby right now, and the decision will be driven by what the market tells us as we work through the numbers.

Why Derby?

Derby serves as a gateway to the stunning landscapes of the Kimberley, with an economy driven by tourism, agriculture, and mining, and emerging trends in eco-tourism and cultural tourism attracting visitors from around the world. The broader Kimberley region recorded a Gross Regional Product of $4.521 billion in 2024, with mining, agricultural production, construction, and tourism all contributing to a diverse and resilient economic base, and the region accounts for approximately 90% of the world's pink diamonds. That economic activity sustains a consistent working population with genuine, year-round housing demand. Derby has experienced a 54.3% annual growth rate with a median house price of $355,000, and rental yields for houses are running at 11.9% with a median weekly rent of $430, a combination of capital growth and income return that is exceptionally difficult to find anywhere else in the country. With 40.57% of Derby residents living in rental accommodation, the tenant pool is deep, consistent, and actively looking for quality stock.

Projected Outcome

Whether we sell or hold, 3 Kunamarra St is positioned to deliver a strong return from a low entry price in a market firing on all cylinders. A renovation-to-flip captures the significant gap between acquisition cost and market value on a finished, move-in-ready four-bedroom home. A long-term hold delivers some of the best rental yields available in Australia alongside a capital growth trajectory that continues to outperform. At Charlie Property, we acquire with discipline, assess with clarity, and execute the strategy that maximises return at the right time.