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North Coogee, WA 6163

Home » WA Real Estate Data » City of Cockburn, WA » North Coogee, 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 North Coogee, 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “North Coogee, WA 6163”

  1. The total adult population (15 years or older) of North Coogee 6163 WA is 3,275, with a median age of 46. Of those, 56.06% are married, 10.63% are divorced or separated, 29.47% are single and 3.85% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $13,060. The median monthly mortgage repayment for households in this suburb is $2,817 which is 21.57% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of North Coogee (postcode 6163) is found nestled within the state of Western Australia and hosts a community of approximately 2301 households. An exploration of the property market for houses in North Coogee as of Q3 2023 reveals that the typical property price is $1,510,732, with a median weekly rent of $1117. This equation leads to an indicative yield of 3.84% – an attractive figure for cashflow-focused property investors given it’s above the minimum of 3%.

    A glance at the socio-economic variables shows that the suburb comes with an IRSAD score of 1123 out of 1217, indicating a high socio-economic status, which includes factors such as income levels and employment opportunities. Additionally, the renter to owner ratio stands at 26%, which is below the 30% margin, highlighting a balanced market not oversaturated with rental properties, which can offer property owners a competitive edge.

    Furthermore, the units to houses ratio rests at 47%, being below the 50% threshold. This denotes a market more geared towards houses, attributing to the potential stability of rental yields and possible longevity of tenancy periods, given the tendency for more families to be attracted to housing options.

    For prospective owners, the affordability index presents a considerable hurdle, with an estimated duration of 45 years required to fully own a property. This exceeds the threshold of 31 years, suggesting decreased affordability in the area.

    Examining the supply factors, the stock on market percentage for houses is revealed to be at 0.57%, which aligns with a neutral state. Furthermore, an inventory level of 1.2 months indicates a low supply market that’s favourable for investors. However, a building approval ratio of 4.77% may indicate a possible increase in housing supply on the horizon.

    In terms of demand metrics, the 64 days on market for houses is an area to be mindful of, as it signals a moderate demand zone. The combined vacancy rate for houses and units in the area sits at a favourable 1.19%, suggesting a high demand with a skimpy supply, which can lead to higher rental prices. Correspondingly, the buy search index for houses sits at a neutral 4 indicating a steady interest in this market.

    In conclusion, North Coogee demonstrates a mix of favourable, neutral, and challenging factors requiring property buyers and investors to consider the blend of metrics, their trends, and an RCS analysis to make an informed decision.

    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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