Today’s PropertyDirector Suburb Spotlight takes us to Collie, WA - a suburb we’ve previously posted about and one worth revisiting.
Historically known as a mining town, Collie’s economy is diversifying, while the area offers good local facilities, natural attractions and a relaxed regional community feel.
From a property perspective, Collie combines relative affordability with tight rental availability and solid market fundamentals
Key Property Statistics:
• Asking Price: $640,809
• Rental Yield: 4.63%
• Vacancy Rate: 0.18% - exceptionally tight
• Vendor Discount: -0.66% - properties selling slightly above asking
• Days on Market: 55 days
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