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Alfred Cove, WA 6154

Home » WA Real Estate Data » City of Melville, WA » Alfred Cove, WA 6154

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 Alfred Cove, WA 6154 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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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 “Alfred Cove, WA 6154”

  1. The total adult population (15 years or older) of Alfred Cove 6154 WA is 2,279, with a median age of 41. Of those, 54.45% are married, 11.06% are divorced or separated, 29.84% are single and 4.56% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $11,688. The median monthly mortgage repayment for households in this suburb is $2,400 which is 20.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Western Australia, Alfred Cove 6154 is a suburban locale with a thriving community of around 1350 households. The typical prices for houses in this area as of Q3 of 2023 hover around $1,067,303 AUD, while the median weekly rent stands at $612. This culminates in an indicative yield of 2.98%, just slightly shy of the attractive market requirement for cashflow-centered property investors.

    The socio-economic status of Alfred Cove is relatively high, with an IRSAD score of 1092 out of 1217 showing a strong access to economic resources and a mostly well-off demographic. Investor competition is not exceedingly high, thanks to a renter to owner ratio of 17% and units to houses ratio of 4%, both of which are favourable for property investors.

    A key consideration, however, is the affordability index for houses in this suburb, which is currently placed at 36 years. This value exceeds the ideal range, indicating diminished affordability and might be a point of concern for potential home buyers.

    Assessing supply metrics also offers an encouraging outlook, as the stock on market percentage for houses is a low 0.38%, and inventory level is also low at 1.25 months. The building approvals Ratio for homes sits at an average 0.53%, indicating a balanced rate of new entrants in the market.

    In terms of demand metrics, Alfred Cove shows a median trend, with houses typically spending 64 days on the market before selling. The combined vacancy rate for houses and units is a moderate 1.75%, signaling sufficient demand, while the buy search index for houses is high at 8, showing a strong interest from potential buyers in this suburb.

    While a few metrics may be slightly off the favourable range, the majority of data for Alfred Cove suggests a healthy property market, with great potential for property investors. However, it’s important to remember that trends are also crucial, and keeping an eye on the dashboards and market updates will provide a comprehensive view of how the property market in Alfred Cove is faring. And don’t forget the RCS metric by HtAG Analytics, which offers a holistic analysis using over 80 metrics.

    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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