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Floreat, WA 6014

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 Floreat, WA 6014 located in Perth 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 “Floreat, WA 6014”

  1. The total adult population (15 years or older) of Floreat 6014 WA is 6,739, with a median age of 42. Of those, 60.99% are married, 6.91% are divorced or separated, 28.48% are single and 3.62% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $17,080. The median monthly mortgage repayment for households in this suburb is $3,250 which is 19.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Western Australia, the suburb of Floreat, 6014, hosts 3,312 family homes. As we move into the third quarter of 2023, we see that the typical property price for a house in Floreat stands at an impressive $1,853,889 AUD. The suburb returns a weekly median rent of $781, creating an indicative yield of 2.19%. Despite falling below the minimum attractive market yield of 3%, the socio-economic credentials of Floreat provide some strong fundamentals for investors.

    The socio-economic score, or IRSAD mark, maxes out at 1,217, with Floreat’s score of 1,170 indicating a considerable advantage when it comes to economic resources. This strong score suggests that residents have reliable income levels and often hold skilled professions.

    As for ratios related to tenancy and property type, Floreat continues to exhibit strong investment potential. The renter to owner ratio is very low at 12%, signifying a more stable tenant pool, a favourable metric lowering the risk of high renter turnover. Even more advantageous is the units to houses ratio, which sits at 8%. This score is much less than the 50% threshold, indicating a lower level of market saturation from rental-sensitive units.

    However, sitting at a steep 42 years, the affordability index for houses is less encouraging. This suggests that house prices are considerably high in relation to family incomes, so residents may prefer renting over home ownership.

    Fortunately, other supply metrics are favourable. Steeling the spotlight is the very low stock on market Percentage for houses of 0.22%, well below the threshold of 1.3%, indicating a low supply. The inventory level also follows this low supply trend, coming in at a minimal 0.64 months, far below the maximum healthy threshold of 2 months. The building approvals Ratio presents another low supply metric, sitting at 0.76%.

    Demand, it seems, is also robust with the days on market average for houses being 39. Though it slightly exceeds the 35-day peak, it isn’t reaching towards the high-demand danger zone of over 90 days on the market, which is a positive sign. The vacancy rate also points towards a healthy demand scenario. At 1.49%, this blend of unit and house data denotes a high demand situation with considerably low vacancy rates. Pair this with a buy search index of 7, well beyond the neutral score of 3, the demand picture completes in Floreat, attracting potential buyers to the market.

    Despite the affordability index leaning towards the unfavourable spectrum, the overall market fundamentals, supply and demand metrics in Floreat are very encouraging for property investors. Nonetheless, real estate investment should be a product of thorough market data understanding, and every investor must keep a watchful gaze on market developments to harvest timely benefits.

    Consider using tools like the RCS (Relative Composite Score) developed by HtAG Analytics, which can streamline your research by aggregating and automating over 80 metrics pertinent to property market analysis.

    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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