Stove Hill, situated in the vibrant town of Karratha, Western Australia, is an emerging suburb offering a unique blend of lifestyle and investment opportunities. The housing market in Stove Hill has been garnering attention due to its competitive pricing and potential for future growth. As part of the Pilbara region, Stove Hill is influenced by the local economy, which is heavily anchored in the mining and resources sector. This connection offers a relatively stable economic backdrop, drawing both investors and residents who work in these industries. In recent years, the market has seen a variety of property types from modern apartments to spacious family homes, appealing to a wide range of buyers. Affordability is a notable feature of the area, making it an attractive prospect for first-time homebuyers and those looking to settle in a community-oriented environment.
Living in Stove Hill offers a balanced lifestyle with access to both urban amenities and natural attractions. Residents appreciate the strong sense of community and the fact that it's far removed from the hustle and bustle of larger cities, offering a peaceful living environment. With schools, parks, and recreational facilities close at hand, it's a family-friendly suburb that prioritizes quality of life. The region's stunning landscapes, including picturesque beaches and rugged outback terrain, provide ample opportunities for outdoor adventures. Meanwhile, the town of Karratha serves as a nearby hub for shopping, dining, and cultural experiences. Overall, Stove Hill provides an inviting and relaxed atmosphere with the convenience of modern facilities, making it a desirable place to call home.
Median Weekly Rent | $384.20 |
Median Monthly Mortgage | $1988.80 |
Median Persons Per bed houseroom | 0.86 |
Average Household Size | 2.80 |
Average Age | 35.00 |
Average Income | $1395.40 |
Average Cars Per Dwelling | 2.07 |
Average Properties Within 50M | 24 |
Typical 1 bed house |
Housing Stock
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Thinking about buying in Stove Hill? Now could not be a better time, with just 109 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $379,000 with prices in this suburb ranging from $379,000 to $379,000. Stove Hill is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
In Stove Hill 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. High average incomes in Stove Hill ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Stove Hill changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Stove Hill necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Instant Property ValuationUnit 5, 166 De Witt Road, Stove Hill, Wa, 6714 | 1 | 1 | Under Offer | ||
Unit 50, 166 De Witt Road, Stove Hill, Wa, 6714 | 1 | 1 | $415,000 |
St Luke's College
Karratha Senior High School
Pegs Creek Primary School
Millars Well Primary School
St Paul's Primary School
Tambrey Primary School
Karratha Primary School
Baynton West Primary School
(While the above schools are located with the suburb of Stove Hill 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 | 2.6 | 27.2 | 36.2 | 45.8 | 86.1 | 6.3 | 27.2 |
Feb | 2.5 | 27.0 | 36.5 | 41.5 | 86.3 | 5.8 | 26.1 |
Mar | 1.0 | 26.6 | 36.5 | 39.6 | 83.8 | 5.2 | 23.2 |
Apr | 0.5 | 23.3 | 34.5 | 32.8 | 80.9 | 4.5 | 20.1 |
May | 1.1 | 18.4 | 30.7 | 30.4 | 80.8 | 4.2 | 17.7 |
Jun | 0.9 | 15.6 | 26.8 | 34.2 | 83.3 | 4.3 | 15.8 |
Jul | 0.3 | 14.1 | 26.8 | 30 | 81.1 | 4.3 | 17.2 |
Aug | 0 | 14.5 | 28.7 | 25.4 | 81.2 | 4.5 | 20.2 |
Sept | 0 | 17.2 | 32.0 | 21.8 | 77.6 | 5.2 | 24.0 |
Oct | 0 | 22.0 | 35.5 | 24.2 | 77.4 | 5.9 | 26.4 |
Nov | 0.2 | 23.3 | 35.2 | 30.1 | 79.1 | 6.5 | 29.7 |
Dec | 1.0 | 26.0 | 36.5 | 36.2 | 81.7 | 6.2 | 29.1 |
source: Australian Government Bureau of Meteorology
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