Barnett Way, Derby

22 Barnett Way, Derby WA — Investment Property

We acquired 22 Barnett Way, Derby, as a low-entry, high-yield rental opportunity in one of the most underrated property markets in northern Western Australia. The property is a three-bedroom, one-bathroom home on a fully fenced 769sqm block, and we are completing a targeted renovation to bring it up to a premium, low-maintenance rental standard. The renovation is nearly complete. What we are delivering is a clean, modern, move-in-ready home purpose-built for the long-term hold strategy this market rewards, in a town where quality rental stock is consistently in short supply and tenant demand is structural rather than seasonal.

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. The region also accounts for all of Western Australia's diamond output and approximately 90% of the world's pink diamonds. That economic activity drives a consistent, working population in Derby that requires quality housing year-round. The property market numbers reflect that demand directly. The median house price in Derby currently sits at $350,000 with annual capital growth of 42.86%, and rental yields for houses are running at 10.47% with a median weekly rent of $470. A yield north of 10% at a median price of $350,000 is a combination that is exceptionally difficult to find anywhere else in Australia.

Projected Outcome

Once the renovation is complete, 22 Barnett Way will be a premium, low-maintenance rental asset entering a market where quality stock commands strong weekly rents and vacancy is consistently tight. The low acquisition cost, combined with Derby's extraordinary rental yields and a median price that has grown nearly 43% in the past year alone, positions this property for both robust cash flow and meaningful equity growth over the hold period. At Charlie Property, we identify high-yield markets before the broader market catches on, and we build assets that perform from day one.