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Spearwood, WA 6163

Home » WA Real Estate Data » City of Cockburn, WA » Spearwood, 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 Spearwood, 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 

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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 “Spearwood, WA 6163”

  1. The total adult population (15 years or older) of Spearwood 6163 WA is 9,264, with a median age of 41. Of those, 43.08% are married, 13.27% are divorced or separated, 36.85% are single and 6.87% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,592. The median monthly mortgage repayment for households in this suburb is $1,733 which is 22.83% of their earnings.

    Source: ABS Census Data (2021)

  2. Spearwood 6163, located in Western Australia, is a suburb leveraging an estimated 5521 households. As we roll into the third quarter of 2023, the typical house price in Spearwood stands at $683,734. The median weekly rent comes to $491, translating into an indicative yield of 3.73%; a favourable return, exceeding the 3% market requirement attractive to ROI-focused property investors.

    The suburb flaunts a reassuring socio-economic score of 971 out of 1,217, suggesting better socio-economic status of the population and likely higher demand from creditworthy tenants. In addition, the renter to owner ratio at 28%, below the risky 30% threshold, indicates a safe investment territory with reduced competition amongst investors.

    Property type distribution within Spearwood real estate is majorly skewed towards houses, with the units to houses ratio standing at a surprisingly low 14%. This favourable distribution supports longer tenancy, more stable occupancy rates, and higher rental yields as a result of reduced competition.

    The affordability index does sit higher than desired at 35 years, indicating home ownership might be a longer path for Spearwood residents. This might encourage an extension of rental periods, beneficial for landlords.

    Spearwood’s market also exhibits a healthy supply and demand equilibrium. The stock on market for houses lies at a neutral 0.57%, and the building approvals ratio is well under control at 0.96%. The inventory level aligns with the ideal range, coming in at just 1.45 months, suggesting that new house listings are being quickly absorbed by buyers.

    Demand indicators are also promising. The suburb’s days on market is 54, leaning towards a high-demand scenario. Vacancy rates are at an impressively low 0.44%, indicating a tight market, favourable to owners with minimal time properties spend empty. Further evidence of solid demand is the buy search index which is equal to the state/city average at 5.

    In conclusion, Spearwood’s property market presents an appealing picture for prospective property investors and buyers agents. Nevertheless, it is essential to monitor property market trends and take into account the balance of metrics to make an informed decision. Doing so will highlight potential opportunities for capital growth and positive cash flow, enabling you to make lucrative real estate investment decisions. Remember, utilising tools like HtAG Analytics’ Relative Composite Score (RCS), which synthesises over 80 metrics, can streamline this research process.

    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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