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Coogee, WA 6166

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 Coogee, WA 6166 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

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Rent 

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Yield 

2BR

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5BR

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 “Coogee, WA 6166”

  1. The total adult population (15 years or older) of Coogee 6166 WA is 4,500, with a median age of 47. Of those, 58.42% are married, 9.64% are divorced or separated, 27.71% are single and 4.49% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $10,540. The median monthly mortgage repayment for households in this suburb is $2,500 which is 23.72% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in the vibrant landscape of Western Australia, Coogee 6166 is home to an estimated number of 2,393 households. An analysis of market statistics for Q3 2023 indicates that the typical price for houses equates to $1,078,987 AUD. With median weekly rents poised at $655, it offers an attractive indicative yield of 3.16%, comfortably above the 3% cut-off that appeals to cashflow-focused property investors.

    From a socio-economic perspective, Coogee 6166 boasts a IRSAD score of 1053 out of 1217, suggesting a relatively affluent community with access to economic resources and a concentration of skilled professions. As further proof of its attractiveness, the renter to owner ratio stands at a low 11% while the units to houses ratio is a mere 2%. This lower proportion of units, an indicator of reduced competition among landlords for tenants, typically leads to longer tenancy periods and aids in maintaining higher rental yields.

    Despite its many favorable aspects, it’s important to balance them against the affordability index for houses, which currently sits at 40 years. While this may signify decreased affordability in the area, it’s vital to understand that metrics can fluctuate and should not deter potential investors if other indicators are largely favorable.

    From a supply perspective, the region has a minor advantage with a stock on market Percentage for houses at a modest 0.43% and inventory level hovering at 1.43 months, signaling a relatively low supply. However, a building approvals ratio of 2.34% might suggest a mild influx of new dwellings in the future.

    In terms of demand, houses typically spend 86 days on the market before they are sold. The subrub enjoys a reasonable vacancy rate of 1.47%, indicating a fairly balanced supply-demand scenario. Reflective of this balance, the buy search index for houses stands at 6, demonstrating a notable interest among prospective buyers.

    Overall, Coogee 6166 appears to blend a vibrant mix of socio-economic features with an enticing property market, making it a suburb worthy of consideration for the discerning property buyer or investor.

    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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