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Pelican Point, WA 6230

Home » WA Real Estate Data » City of Bunbury, WA » Pelican Point, 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 Pelican Point, 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.

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Rent 

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Yield 

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Buy 

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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 “Pelican Point, WA 6230”

  1. The total adult population (15 years or older) of Pelican Point 6230 WA is 795, with a median age of 53. Of those, 65.41% are married, 9.94% are divorced or separated, 19.37% are single and 5.66% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,196. The median monthly mortgage repayment for households in this suburb is $2,167 which is 23.56% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Pelican Point, with the postcode 6230, is situated in Western Australia. It’s a residential area estimated to comprise 508 households.

    As of the third quarter of 2023, the typical house prices in the suburb stand at $868,867 with a median weekly rent at $651. This translates to an indicative yield of 3.9%, meeting the minimum attractive market requirement for cashflow-focused property investors.

    The suburb boasts an IRSAD score of 1031 out of a possible 1217, suggesting that the residents of Pelican Point generally benefit from strong socio-economic resources. The relatively high score here can be interpreted as a positive for potential investors as it indicates stable income levels and access to essential resources.

    As far as the rental market goes, the renter to owner ratio is currently at 18%, which is notably lower than the 30% ceiling that’s considered as favourable. This proves advantageous for would-be investors by indicating less competition and a less saturated rental market. The units to houses ratio at 10% is also quite favourable as it is well below the 50% favourable threshold. This means less competition among landlords for tenants and ensures a steady rental yield.

    On the other hand, the affordability index or the years required to own a property in the area is 37, which is higher than the average 30 years. This could imply a lesser degree of affordability, with residents requiring a longer period to completely own a property.

    When observing supply metrics, the stock on market Percentage is recorded at 0.74%, which lies within the neutral range. The inventory level for houses is around 2.77 months, thus indicating a balance between high and low supply markets. The building approvals Ratio of houses is 1.72%, which is considered favourable, suggesting a controlled inflow of new residential real estate in the market.

    Turning our attention to the demand metrics, the average number of days houses remain in the market (‘Days on Market’) is 91, typically considered as low demand. Meanwhile, the combined housing and units vacancy rate stands at 2.25%, which falls within the neutral range. The buy search index sits at 4, denoting a moderate level of demand.

    Overall, Pelican Point shows a healthy mix of favourable and neutral elements in its market trends. Although a few metrics fall outside the favourable ranges, it’s important to remember that an ideal investment opportunity need not have all metrics favourable. It’s the overall trends and the balance of supply and demand that truly determines the viablility, and Pelican Point seems balanced at the moment. Investors can further track these metrics with the HtAG Analytics RCS metric for an even more comprehensive and automated research.

    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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