Question 1

Is Esperance a nice place to live?

Accepted Answer

Esperance is a coastal town on Western Australia’s south coast, known for broad white sandy beaches, clear turquoise water and granite headlands that frame the islands of the Recherche Archipelago and nearby Cape Le Grand National Park. The compact town centre sits around a small harbour with a handful of shops and cafes, and residential streets mix beachside holiday houses with modest single-storey family homes. Living here centres on outdoor life, with swimming, fishing, surfing and bushwalking close at hand, and the town is served by a regional airport, a working port and a scenic coastal drive.

It is a small community of 2,080 people with a median age of 52 and a median household income of $1,087 a week. Families are the dominant household type and homes are split almost evenly between owner-occupiers and renters. The Shire has several civic projects under way, from a James Street Cultural Precinct and library and museum upgrades to a proposed airport runway upgrade, key worker accommodation and sports ground works, while the local health campus was redeveloped to expand emergency, day surgery and maternity facilities. Whether that mix suits you depends on what you want from a place to live.

Question 2

Is it expensive to live in Esperance?

Accepted Answer

House rents in Esperance run to about $510 a week. A typical local household earned $1,087 a week at the last Census, so paying $510 a week for a house would take roughly 47% of that household income, which is a large share. If you plan to rent rather than buy, that rent share is the figure that matters when you weigh costs against local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Esperance a good place to invest?

Accepted Answer

A striking feature of Esperance's recent market is the large rise in house values: houses climbed 44.0% over the past 12 months. House rents rose 2.0% over the same period, a modest increase, so capital growth for houses has outpaced rental income during the year.

If you are considering Esperance as an investment, those two figures are the ones to weigh. Whether strong price growth alongside only modest rent growth fits your objectives and circumstances is something only you can judge.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	44.0%	N/A
Sold Past 3 months	4	1
Median days on market Past 12 months	40	N/A
Average rent Past 12 months	$510	N/A
Change in rent Past 12 months	2.0%	N/A

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