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Marangaroo, WA 6064

Home » WA Real Estate Data » City of Wanneroo, WA » Marangaroo, WA 6064

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 Marangaroo, WA 6064 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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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 “Marangaroo, WA 6064”

  1. The total adult population (15 years or older) of Marangaroo 6064 WA is 8,574, with a median age of 39. Of those, 46.27% are married, 12.57% are divorced or separated, 35.36% are single and 5.70% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $7,052. The median monthly mortgage repayment for households in this suburb is $1,647 which is 23.36% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Marangaroo, postcode 6064 in Western Australia is home to approximately 3984 households. With regards to the real estate market as of the third quarter of 2023, average house prices in Marangaroo fall around $541,765. The median weekly rent registers at $504, providing a decent indicative yield of 4.84% which is over the minimum market requirement of 3% and therefore might attract cashflow-focused property investors.

    When evaluating the socio-economic status of the area, it scores 932 out of 1,217 on the IRSAD scale, demonstrating a relatively high level of economic resources and generally affluent population. Marangaroo also features a healthy renter to homeowner ratio at just 19%, well below the 30% threshold. This implies a market that is not over-saturated with rental properties, thereby reducing the risk and competition for property investors.

    Moreover, the units to houses ratio sits at a low 2%, indicating a minimal oversaturation of the property market with units. This signifies less competition amongst landlords in the area, likely supporting a higher rental yield and attracting a more family-based demographic.

    The suburb also scores well in terms of affordability with a years-to-own index landing right on the 30-year mark. This essentially indicates that a typical buyer would require approximately 30 years to fully own a property, hinting at the affordable nature of the market for those who live in the suburb.

    Assessing the supply metrics for the area, the stock on market percentage for houses amounts to only 0.64%. This falls within the neutral band but skews towards the favourable end of the scale, suggesting less supply in the market. This is further supported by an inventory level of 2.23 months, indicating a quite absorbent market for new listings. The building approvals ratio also shows a low supply at 0.14%.

    Demand for houses in Marangaroo appears to be relatively average. The average number of days houses in Marangaroo stay on the market is 46. While this is not in the highest demand category, it is also not excessively high. The vacancy rate for the area, a combined score for both houses and units, is low at 0.78% showing high demand. However, the buy search index for houses in the suburb is relatively neutral, standing at 3.

    All in all, Marangaroo’s property market provides a balanced environment for both investors and homeowners alike. It’s worth noting that while some metrics are not in their peak favourable ranges, majority of the other key metrics show favourable conditions. As always, we recommend further research and keeping a close watch on trends before making a final decision on investment. For this, you may find the RCS (Relative Composite Score) developed by HtAG Analytics helpful, which automates market research across 80+ indicators.

    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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