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Balingup, WA 6253

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 Balingup, WA 6253 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 “Balingup, WA 6253”

  1. The total adult population (15 years or older) of Balingup 6253 WA is 499, with a median age of 58. Of those, 43.49% are married, 21.64% are divorced or separated, 29.46% are single and 5.61% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,084. The median monthly mortgage repayment for households in this suburb is $1,348 which is 26.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Reflecting on the picturesque suburb of Balingup 6253 in Western Australia, this friendly neighbourhood comprises approximately 412 households. As we venture into Q3 of 2023, standard prices for houses in this picturesque region stand at $571,379, coupled with a median weekly rent of $451. This suggests an enticing indicative yield of 4.1%, exceeding the minimum threshold of 3%, specifically attracting cashflow-focused property investors.

    Balingup holds an impressive IRSAD score of 956 out of 1217, showcasing a generally good socio-economic status that indicates the area’s residents have sturdy access to economic resources, relatively high income levels and well-skilled professions. The neighbourhood’s renter to owner ratio is pleasingly low at 11%, suggesting a stable, owner-occupied market. This is likely to foster a desirable community ambience over the long-term, attracting households seeking a steady home-feel rather than a transient one.

    The units to houses ratio in Balingup is 0%, confirming that the local property market is dominated by houses, which is often beneficial for both investors and residents. A lower presence of units in a property market like this one typically results in less competition for landlords and attracts families, who often commit to longer tenancy periods.

    The drawback in Balingup’s property market landscape is the suburb’s high Affordability Index, which currently stands at 44 years. This figure illustrates that fully owning a property in this area, based on current interest rates, median family income, and typical property prices, could take an estimated 44 years.

    Nevertheless, when we peek into the supply metrics, Balingup inspires confidence. The stock on market Percentage is low (0.24%), indicating an under-supplied market. Likewise, an inventory level of 0.92 months suggests a relatively swift rate of turnover. Moreover, the building approvals Ratio for houses is undetectably low (0%), implying limited incoming supply that may further strengthen prices.

    The demand parameters also present a positive outlook. Average days on market for houses is at 67, showcasing moderate to high demand. Likewise, a vacancy rate of 2.22% represents a balance between supply and demand, which is ideal for a healthy property market. Lastly, the buy search index for houses stands at 6, revealing a high degree of purchasing interest, and potentially indicating an upcoming upward price correction.

    In conclusion, careful interpretation of this data uncovers compelling merits for real estate investments in Balingup. Property market enthusiasts, investors and buyers’ agents should keep an eye on developments in Balingup and always consider not just these metric values, but their trends over time. Investing in real estate is a multi-faceted process, and while not all metrics here are in the optimal ranges, the majority display a favourable image of Balingup’s future as a property market hotspot in Australia. The HtAG Analytics’ comprehensive RCS metric further assists in automating much of this detailed analysis, considering over 80 different data points to assist in making well-informed investment decisions in the Australian property market.

    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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