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Secret Harbour, WA 6173

Home » WA Real Estate Data » City of Rockingham, WA » Secret Harbour, WA 6173

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 Secret Harbour, WA 6173 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 

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Rent 

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Yield 

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5BR

Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Secret Harbour, WA 6173”

  1. The total adult population (15 years or older) of Secret Harbour 6173 WA is 9,331, with a median age of 34. Of those, 52.53% are married, 9.80% are divorced or separated, 35.74% are single and 1.98% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $10,740. The median monthly mortgage repayment for households in this suburb is $2,000 which is 18.62% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Western Australia, the suburb of Secret Harbour, 6173, is home to approximately 4394 households. As we currently stand in Q3 of 2023, the median house prices in this area are around $622,071 with a weekly rent at $501. This suggests property investors could achieve a substantial yield of 4.19%.

    Considering socio-economic factors, Secret Harbour has an IRSAD score of 1029 out of 1217, indicating inhabitants generally have access to a variety of economic resources, and a higher proportion may belong to skilled professions. Furthermore, the renter to owner ratio in the suburb is 19%, well below the cautionary mark of 30%, indicating fewer rentals, and higher owner occupancy, which generally improves neighbourhood ‘vibe’ and is conducive to long-term property investment.

    Interestingly, the units to houses ratio stands at 0% showcasing a market primarily dominated by houses rather than units. This positions the area to appeal more to families, who may have a more stable and longer tenancy periods.

    Affordability is an essential aspect of any property market, and in Secret Harbour, the affordability index is at an attractive 23 years. Therefore, potential homeowners, on average, are likely to fully own a property within this period, making it a relatively affordable market.

    Supply metrics ensure we understand whether the market is over-saturated with dwellings. At this point, Secret Harbour’s stock on the market percentage stands at a favourable 0.41%, indicating a lower supply, thereby increasing competition amongst potential buyers. Moreover, the inventory level, which indicates market absorbency, is at a very low 0.73 months, implying a swift absorption of properties by the market.

    Additionally, the area also sees a moderate building approvals ratio of 1.51%, indicating a balanced supply of new housing stock.

    Analyzing demand metrics, houses in Secret Harbour typically spend about 39 days on the market. This indicates a high demand property market and suggests buyers are relatively active. The vacancy rate, which includes both houses and units, is just over 1%, indicating a high demand with little supply – a possibly favourable market for property investors.

    Lastly, the buy search index for houses stands at 3, levelling with the state average, showing moderate demand from potential home buyers.

    While some metrics may show moderate values, it’s important to remember that a majority of them provide a favourable investment environment. Furthermore, using tools such as the RCS metric by HtAG Analytics can provide a more in-depth analysis of the property market trends in Secret Harbour.

    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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