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West Hoxton, NSW 2171

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for West Hoxton, NSW 2171 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “West Hoxton, NSW 2171”

  1. The total adult population (15 years or older) of West Hoxton 2171 NSW is 7,942, with a median age of 34. Of those, 52.61% are married, 8.95% are divorced or separated, 35.43% are single and 3.06% are widowed.

    The average household size is 3.7 people per dwelling, and the median household monthly income is estimated to be $9,716. The median monthly mortgage repayment for households in this suburb is $2,383 which is 24.53% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of West Hoxton 2171, nestled in the state of NSW, is home to approximately 2874 households. In Q3 of 2023, the typical property price for houses in this suburb was recorded at $1,126,521. With a median weekly rent price set at $633, the indicative yield results in 2.92% – a figure close to yet slightly below the 3% threshold, often seen as the minimum requirement for cashflow-centred property investors.

    The socio-economic status of this area is indicated by an IRSAD score of 1026 out of 1217, which is relatively high, suggesting residents enjoy fairly good economic resources, high income levels, and professions requiring skilled labour.

    The Renters to Owners ratio is 17%. This is significantly below the 30% threshold, highlighting a community with a high percentage of homeownership. This can be an attractive attribute as it provides a more stable environment and reduces competition amongst property investors.

    Also indicative of a favourable market environment is that the units to houses ratio is reported at 0%. Our analysis typically favours suburbs with a lower ratio as this reduces the rental competition amongst landlords and tends to attract a demographic that provides longer tenancy periods, such as families.

    On the affordability index, West Hoxton scores 45 years, which is noticeably above the assumed standard 30-year mortgage. Consequently, this indicates a lower level of affordability, which may affect property demand.

    Examining the property supply, the suburb’s stock on market percentage is 0.57%, holding a neutral position within the 0.4% to 1.3% range. Meanwhile, the inventory level, which showcases the average property duration on the market, stands at a comfortable 2.87 months, pointing towards a balanced supply market.

    The building approvals Ratio for houses in West Hoxton is 1.4%, suggesting a maintained level of new supply coming into the market. Lower figures are often more favourable, indicating less new supply, but a ratio underneath 2% isn’t likely to significantly destabilise the current market.

    With an average days on market statistic set at 24, the suburb indicates a high demand, as properties generally take less than a month to sell. Supporting this further, the Vacancy Rate, which combines both houses and units, is 2.49%. This percentage falls within the neutral range, neither strongly favouring tenants or landlords. As for the buying interest, the buy search index for houses is 4, placing it in the average demand category.

    As such, while West Hoxton’s market condition isn’t overly favourable in all areas, its numerous beneficial aspects reinforce the importance of not dismissing a market based on one or two metrics. Factors such as its IRSAD score, favourable Renters to Owners, and units to houses ratio, paired with well-maintained supply and demand statistics, may still show significant merit for investors when considered holistically.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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