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North Perth, WA 6006

Home » WA Real Estate Data » City of Vincent, WA » North Perth, WA 6006

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 North Perth, WA 6006 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 

1BR

2BR

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Rent 

1BR

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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 “North Perth, WA 6006”

  1. The total adult population (15 years or older) of North Perth 6006 WA is 8,130, with a median age of 38. Of those, 40.15% are married, 11.01% are divorced or separated, 44.00% are single and 4.76% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $12,644. The median monthly mortgage repayment for households in this suburb is $2,473 which is 19.56% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of NORTH PERTH 6006, situated in Western Australia (WA), boasts a total of 5050 households. According to the data compiled for Q3 of 2023, the typical house price in NORTH PERTH 6006 stands at $1,221,411 AUD. The median weekly rent is calculated at $697, amounting to an indicative yield of 2.97%, which is slightly below the minimum 3% market requirement for investors prioritising cashflow.

    The socio-economic score of the suburb, according to the IRSAD index, is 1099 out of 1217. This high score paints a picture of an area characterised by significant access to economic resources, above-average income levels, and a high proportion of skilled professionals.

    The overall renter to owner ratio in the area sits at 33%, which introduces a degree of competition amongst landlords, but is not over-saturated gas a market. Considering the units to houses ratio, only 23% of the properties fall under ‘unit’ classification, suggesting a market less saturated with rentals and hence potentially longer tenancy periods due to the preponderance of families.

    Interestingly, the affordability index for houses is estimated to be 38 years, suggesting a decreased affordability in the locale, potentially due to the high typical house prices compared to median family income.

    When we look at the supply metrics, houses display a low stock on market Percentage at just 0.29%, indicating a low supply and hence a favourable condition for sellers. Similarly, a low inventory level of 0.91 signifies a market where new listings find buyers quickly.

    The building approvals Ratio for houses sits at 0.58%, showing a moderate addition of new dwelling stock. Demand indicators reveal that houses in the market average 56 days on market (DoM) and a low vacancy rate of 1.44% (for both houses and units), both of which suggest reasonably high demand. The buy search index scores an average of 5, depicting a balanced demand for houses in the area.

    To conclude, NORTH PERTH 6006 presents an interesting market for buyers and investors alike, with overall favourable conditions. However, it’s essential to underline that real estate investment decisions should be based on a comprehensive understanding of the local property market, taking into consideration both the values and trends of these metrics. The Relative Composite Score (RCS) provides an useful tool that automates this research process by analysing over 80 metrics to give a holistic market overview.

    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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