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Atwell, WA 6164

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 Atwell, WA 6164 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 “Atwell, WA 6164”

  1. The total adult population (15 years or older) of Atwell 6164 WA is 7,244, with a median age of 35. Of those, 51.68% are married, 9.79% are divorced or separated, 36.50% are single and 2.14% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $10,504. The median monthly mortgage repayment for households in this suburb is $1,950 which is 18.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Atwell (6164) is home to an estimated 3,324 households. As we delve deeper into the Q3 2023 data, we begin to paint the picture of a promising property market in Atwell.

    The typical prices for houses in Atwell sit at approximately $621,501 with a respectable median weekly rent of $524. This combination results in an indicative yield of 4.38%, surpassing the minimum market requirement of 3% set by cashflow-centric property investors. For potential investors, this presents promising returns on properties in this suburb.

    Atwell also showcases an impressive IRSAD score of 1042 out of 1217. This score reflects positively on the socio-economic status of the area, indicating a population with good access to economic resources and a higher than average income level.

    With a renter to owner ratio of 23%, Atwell falls firmly below the 30% benchmark that denotes a balanced market. This lower percentage points to a market that might offer less competition, both in terms of returns and for attracting long-term tenants.

    The suburb displays an units to houses ratio of a mere 3%, indicating more houses than units. This, when combined with a lower renter to owner ratio, might suggest longer tenancy periods with less competition amongst landlords, leading to a favourable rental yield.

    Moreover, the affordability index for Atwell sits at 23 years, staying well below the indicator of decreased affordability which is 31 years. This lower value suggests the local residents might find it more affordable to own properties in this suburb.

    In terms of supply metrics, Atwell records a stock on market Percentage of 0.34% for houses, which falls into the favourable low supply range. The suburb also shows a quick moving market, with an inventory level at just 0.88 months and a low building approvals Ratio of 0.75%. These figures suggest properties in Atwell might be selling at a favourable pace.

    The average days on market for houses in Atwell conveniently stands at a low 10 days, further reflecting a high demand for properties in this suburb. The vacancy rate (combined for houses and units), sat at a barely noticeable 0.26%, again demonstrating a high demand amongst renters.

    Yet in contrast to these favourable metrics, the buy search index for houses in Atwell stood at 2. This might suggest a lesser online search interest in properties in this suburb compared to the state or city average. Nonetheless, given the other positive indicators in this market, it’s indeed a region worth considering for potential property investors and buyers.

    As with all real estate investments, it’s important to consider all the data and trends when making your decision. It is also crucial to understand that it’s acceptable to have some metrics in unfavourable ranges if majority of other metrics are favourable. Remember, the Relative Composite Score (RCS) from HtAG Analytics provides an overall understanding of the market considering a comprehensive set of over 80 metrics, providing you with an edge in your property investment strategy.

    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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