Baobab Street, Derby

14 Baobab Street, Derby — Investment Property

We have acquired the duplex at 14 Baobab Street, Derby, as a strategic dual-asset play in one of Western Australia's most yield-driven regional markets. The property consists of two separate dwellings on a single title, and our plan is clear: re-title them individually to create two distinct, independently owned assets, while simultaneously completing a full renovation on both to modernise the homes and unlock their full market value. It is a two-part strategy that creates value through both the legal process and the physical improvement of the properties.

Why Derby?

Derby is the administrative and service heart of the West Kimberley. The Kimberley has a diverse economy with mining, tourism, agriculture and pearling all major contributors to regional economic output, and Derby sits at the centre of that activity as a key service hub for workers, government employees and families across the region. That sustained workforce demand translates directly into a tight and high-yielding rental market. With a typical house price of $356,911 and a gross rental yield of 6.13%, Derby offers an entry point that is far more accessible than metropolitan markets while delivering rental returns well above the national benchmark. Compounding this is a well-documented supply problem: the Kimberley region faces significant housing affordability and availability challenges, shaped by a shrinking pipeline of new housing and rising rental costs, meaning quality, well-maintained stock remains scarce and commands a premium. For investors who understand remote markets, Derby offers exactly the kind of high-yield, supply-constrained conditions that make a dual-title strategy so compelling.
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Projected Outcome

By splitting the titles and delivering two fully renovated, move-in-ready homes, we are creating two distinct, high-quality assets from a single acquisition. This approach significantly increases the total value of the holding, unlocks greater flexibility for sale or long-term rental income, and positions each property to perform independently in a market where tenant demand consistently outpaces supply. At Charlie Property, we look beyond the obvious plays. Derby is not a conventional market, but that is precisely what makes this project stand out.