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Lockridge, WA 6054

Home » WA Real Estate Data » City of Swan, WA » Lockridge, WA 6054

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 Lockridge, WA 6054 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 “Lockridge, WA 6054”

  1. The total adult population (15 years or older) of Lockridge 6054 WA is 2,679, with a median age of 38. Of those, 34.57% are married, 17.43% are divorced or separated, 42.96% are single and 4.96% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,740. The median monthly mortgage repayment for households in this suburb is $1,300 which is 22.65% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in WA, the suburb of Lockridge 6054 is estimated to have around 1560 households. As of the third quarter of 2023, houses in Lockridge 6054 are commanded an average price of $388,025. The median weekly rent is pegged at $387; this combination of price and rent produces an indicative yield of 5.19%, making the suburb attractive to cashflow-centred investors.

    Furthermore, Lockridge 6054 boasts an IRSAD score of 864 out of a possible 1217, indicating a relatively good socio-economic standing. However, it’s worth noting that the renter to owner ratio is at 31%, slightly over the 30% mark generally preferred by investors. This means that there might be a higher level of competition among landlords for tenants than some investors may prefer.

    Despite that, Lockridge 6054 maintains a low units to houses ratio of just 5%, implying less competition among landlords for tenants and maintaining value with its appeal to families seeking long term tenancies.

    The suburb also scores well on the affordability index with houses potentially fully owned within 26 years, which is under the 30 years’ span of a typical mortgage. This marks Lockridge as having a high level of affordability among its residents.

    Supply metrics are also positive in Lockridge 6054. The stock on the market for houses is only 0.36%, being under the 0.4% borderline indicating favourable low supply. Also, the inventory level for houses is 1.05 months, which is again favourable suggesting a low supply market. Moreover, the building approvals ratio is relatively low at 0.65%, thus not pointing to an upcoming surge in supply.

    While the days on market for houses stand at 99, indicating a rather muted demand, the significantly low vacancy rate at 0.62% indicates high demand. This might suggest that once on the market, properties tend to stay rented out.

    However, the buy search index for houses is a little on the low side at 2 which could imply limited demand but this can be counteracted by the soundness of other favourable metrics.

    Thus, on balance, given the majority of positive metrics and trends, Lockridge 6054 offers a potentially profitable investment opportunity, especially for cashflow-centered investors.

    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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