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Carey Park, WA 6230

Home » WA Real Estate Data » City of Bunbury, WA » Carey Park, WA 6230

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 Carey Park, WA 6230 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Carey Park, WA 6230”

  1. The total adult population (15 years or older) of Carey Park 6230 WA is 4,282, with a median age of 40. Of those, 31.04% are married, 19.57% are divorced or separated, 42.13% are single and 7.17% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,340. The median monthly mortgage repayment for households in this suburb is $1,261 which is 23.61% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Carey Park, carrying the postcode 6230, is nestled within Western Australia and homes around 2747 households. As per the trend picked up in the third quarter of 2023, houses in Carey Park are generally priced at $327,981. With a median weekly rent at a competitive $385, the suburb produces an indicative yield of 6.1%, which is well above the minimum 3% threshold attractive to cashflow-centric property investors.

    The IRSAD score for Carey Park stands at a moderate 828 out of 1217, representing a balanced socio-economic status with room for growth. The renter to owner ratio is on the higher side, sitting at 45%, indicating a high proportion of renters in the area. This may present some competitiveness as there is a substantial pool of property investors. However, we find solace in the region’s low units to houses ratio of 18%, demonstrating less competition among landlords and better potential for higher rental yields.

    In regards to affordability, Carey Park shines with an index of 24 years. This is well below the 31-year threshold, representing a high affordability environment conducive for potential buyers. The market supply is relatively balanced, with houses’ stock on market Percentage resting at 0.52%, falling within the neutral range. This notion is fortified further, thanks to the very low inventory level at a mere 1.09 months, demonstrating a fairly absorbent property market.

    On the supply front, the building approvals Ratio is at 0.0%, indicating no risk of increased dwelling supply that might disrupt the market dynamics. Houses in Carey Park typically spend around 42 days on the market, which while could be better, is perfectly acceptable. The vacancy rate for both houses and units is significantly low at 0.56%, illustrating a high demand for the living space.

    As for the digital footprint, the buy search index for houses stands at 4 which are in the neutral segment. While there might be some room for improvement, Carey Park’s property market seems to be on a positive trajectory overall.

    It is crucial, however, to understand the underlying trends behind the numbers, in order to make informed real estate investment decisions. Constant vigilance and a comprehensive understanding of real estate data are key to identifying potential opportunities for capital gains and positive cash flow. HtAG Analytics’ bespoke Relative Composite Score (RCS) is an innovative tool that utilises over 80 metrics to streamline this decision-making process for you.

    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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