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Willagee, WA 6156

Home » WA Real Estate Data » City of Melville, WA » Willagee, WA 6156

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 Willagee, WA 6156 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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5BR

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 “Willagee, WA 6156”

  1. The total adult population (15 years or older) of Willagee 6156 WA is 4,413, with a median age of 37. Of those, 35.85% are married, 15.32% are divorced or separated, 41.81% are single and 7.14% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,572. The median monthly mortgage repayment for households in this suburb is $1,967 which is 20.55% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Willagee, postcode 6156, is nestled in the broad expanse of Western Australia. Known for its tranquillity, this localised community is home to nearly 2776 households. As of the 3rd quarter of 2023, typical house prices in Willagee are nudging the $770,920 mark. Weekly rents hover around $560, which culminates in an indicative yield of 3.78%, just above the minimum market attractiveness of 3% for cashflow-centric property investors.

    Taking a closer look at the socio-economic foundation of Willagee, it boasts an IRSAD score of 984 out of 1217, signalling a generally high socio-economic status. While the renter to owner ratio is slightly above the ideal percentage at 35%, the low percentage of units to houses at 5% ensures a healthy balance in the property market and reduces competition amongst landlords.

    However, the suburb reveals a challenge in terms of its affordability index. With a value of 32 years, it’s slightly above the standard 30-year mortgage term, which may convey decreased affordability for some potential buyers.

    Examining the supply metrics, Willagee displays a promising standings. Its stock on the market percentage is lower than the desired 0.4% at 0.34%, underlining a favourable supply scenario. The inventory level hanging around 1.12 months indicates a speedy absorption of new listings. The building approvals Ratio for houses is an appreciable 0.75%, implying less likelihood of a surge in new dwelling stock that could upset the market balance.

    Looking at the demand side, houses in Willagee seem to be hanging around for 45 days on the market before finding a buyer; it’s a bit higher than the ideal 35 days, indicating a more relaxed demand pace. But the notably low vacancy rate of just 0.31% indicates an incredibly high demand. This is backed up by the buy search index at a robust score of 6, signalling further strong buyer interest.

    It’s worth noting that while the affordability index may leave some room for improvement, the majority of the other metrics present a favourably balanced market. Employing tools such as the HtAG Analytics’ Relative Composite Score could streamline the process of analysis even further by integrating over 80 metrics to provide a comprehensive view of the market. While eyeballing and understanding key data endeavours to stay informed on potential opportunities for capital gains and positive cash flow, ongoing vigilance of market trends remains critical to any successful real estate investment strategy.

    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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