Barnett Way, Derby

27 Barnett Way, Derby WA — Investment Property

We acquired 27 Barnett Way, Derby, as a high-yield, long-term rental opportunity on a generous 772sqm block in one of northern Western Australia's most compelling low-entry property markets. The property is a three-bedroom, one-bathroom house that came to us requiring work, and we are completing a targeted renovation to deliver a clean, modern, low-maintenance rental asset that meets the standard today's tenants expect. The strategy here is straightforward: acquire at a sharp entry price, renovate to a quality standard, and hold in a market where rental demand is structural, yields are exceptional, and the capital growth story is only gaining momentum.

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, and the region accounts for approximately 90% of the world's pink diamonds. That economic activity sustains a consistent working population in Derby with genuine, year-round housing demand. The property market numbers are extraordinary at this entry point. The median sale price in Derby currently sits at $243,000 with annual capital growth of 22.5%, a median gross rental yield of 11.9%, and a median weekly rent of $430. A yield approaching 12% on a sub-$200,000 acquisition is a combination that is virtually impossible to find elsewhere in Australia, and it reflects a market where supply of quality rental stock consistently falls short of demand.

Projected Outcome
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Once the renovation is complete, 27 Barnett Way will be a quality, low-maintenance rental asset positioned to achieve strong weekly returns from day one in a market where well-presented stock is absorbed quickly and tenants stay. The combination of a sharp acquisition price, Derby's extraordinary rental yields, and 22.5% annual capital growth creates a hold asset that delivers on both the income and the equity side of the ledger. At Charlie Property, we identify high-yield markets early, acquire with discipline, and build portfolios that perform.