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Bibra Lake, WA 6163

Home » WA Real Estate Data » City of Cockburn, WA » Bibra Lake, WA 6163

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 Bibra Lake, WA 6163 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.

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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 “Bibra Lake, WA 6163”

  1. The total adult population (15 years or older) of Bibra Lake 6163 WA is 4,928, with a median age of 44. Of those, 50.41% are married, 12.09% are divorced or separated, 31.76% are single and 5.62% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,908. The median monthly mortgage repayment for households in this suburb is $1,800 which is 20.21% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Bibra Lake, bearing a postcode of 6163, is found within the wide expanses of Western Australia. Home to an estimated 4114 households, this locale boasts a close-knit community atmosphere.

    As Q3 of 2023 unfolds, it becomes increasingly clear that Bibra Lake offers a stable investment opportunity in the property market. House prices hover on average around $681,509, with a median weekly rent of $533. This sizeable weekly rent contributes to an attractive indicative yield of 4.07%. This figure exceeds the 3% threshold considered to be the minimum attractive market requirement for investors focusing on cash flow.

    Within Bibra Lake’s population, there’s evidence of sound socio-economic stability. The IRSAD score sits at 1015 out of a possible 1217, testifying to a substantially robust socio-economic environment.

    Adding to the allure for investors, the renter to owner ratio in Bibra Lake is low at only 14%. This suggests that the property market isn’t saturated with rental properties, therefore mitigating the risk of lower long-term returns due to high competition. Investors can also take comfort in the units to houses ratio standing at a mere 2%, showing a healthy balance with many more families likely due to the greater number of houses.

    The affordability index in Bibra Lake stands at a respectable 30 years, indicating that the often daunting feat of fully owning a property is reasonably achievable within this snug suburb.

    When it comes to supply metrics, Bibra Lake displays favourable figures. The stock on market percentage for houses is a mere 0.05%, indicating a low supply, whilst the inventory level for houses within the suburb sits only at 0.29 months. The building approvals ratio for houses at 0.95% substantiates the relatively low supply.

    Although the days on market for houses is 67, suggesting a somewhat neutral demand, the vacancy rate is only 0.67%, portraying a tight rental market, and thereby a high demand. However, the buy search index for houses is noted at 3, denoting a more limited demand.

    On balance, Bibra Lake seems to host a fertile ground for property investment, with attractive yields, substantial socio-economic stability, appealing renter to owner ratio and unit to house ratio, along with lower supply metrics. But as always, keeping a finger on the pulse of market trends, and making decisions grounded on solid data remains paramount. It’s vital to remember that a suburb’s RCS (Relative Composite Score) is also of significant value, as this metric integrates over 80 different metrics to streamline property market research efforts.

    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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