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South Lake, WA 6164

Home » WA Real Estate Data » City of Cockburn, WA » South Lake, 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 South Lake, 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 

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Rent 

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Yield 

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Buy 

1BR

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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 “South Lake, WA 6164”

  1. The total adult population (15 years or older) of South Lake 6164 WA is 4,787, with a median age of 36. Of those, 41.72% are married, 13.33% are divorced or separated, 41.30% are single and 3.70% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,148. The median monthly mortgage repayment for households in this suburb is $1,600 which is 19.64% of their earnings.

    Source: ABS Census Data (2021)

  2. SOUTH LAKE 6164, located in Western Australia, is a thriving residential community estimated to house around 2488 households. As we enter Q3 of 2023, we observe the typical prices for houses in the area to be approximately $529,998. The median weekly rent sits comfortably at $478, producing an indicative yield of about 4.69%. This is a favourable return for cashflow-conscious property investors as it is above the minimum attractive market requirement of 3%.

    Socio-economically, SOUTH LAKE 6164 holds a decent ranking with an IRSAD score of 955 out of 1217, indicating a better socio-economic status of the population residing in the area. This score is an indication of a vibrant community with strong economic resources and income levels.

    From an investment perspective, the suburb displays a healthy renter to owner ratio of 26%, a figure that is below the 30% benchmark, and therefore favourable. This suggests that the market isn’t oversaturated with rental properties, and the likelihood of returns facing downward pressure is lower. The units to houses ratio is 0%, hinting that the market isn’t overrun with units. This can help foster longer tenancy periods and maintain higher rental yields.

    The affordability index in SOUTH LAKE 6164 falls at 25 years, indicating the potential for high affordability among residents and a favourable investment scenario.

    As for supply metrics, the suburb stands out with a low stock on market Percentage for houses at 0.24% and an inventory level of a favourable 0.76 months. Following this bullish trend, the building approvals Ratio also holds a low value of 0.24%.

    However, with an average of 47 days on market for house listings, the suburb exhibits a slightly slower turnover rate. Despite this, demand for property remains high with a vacancy rate of just 0.62% – suggesting that any available properties are snapped up quickly.

    Additionally, the buy search index for houses stands at 5, denoting that online search frequency aligns with the state/city average.

    With some metrics in unfavourable ranges, it’s ok as most of them are favourable, indicating a relatively healthy market overall. Considering these factors, both tenants and investors might find SOUTH LAKE 6164 to be an attractive prospect in their property search.

    Bear in mind, careful analysis of trends and performance indicators like the HtAG Analytics’ RCS (Relative Composite Score) can give investors a competitive edge, automating research and using over 80 metrics to provide insightful market information.

    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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