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Midland, WA 6056

Home » WA Real Estate Data » City of Swan, WA » Midland, WA 6056

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 Midland, WA 6056 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

3BR

4BR

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 “Midland, WA 6056”

  1. The total adult population (15 years or older) of Midland 6056 WA is 5,542, with a median age of 39. Of those, 25.88% are married, 20.21% are divorced or separated, 46.81% are single and 7.09% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $5,988. The median monthly mortgage repayment for households in this suburb is $1,350 which is 22.55% of their earnings.

    Source: ABS Census Data (2021)

  2. MIDLAND 6056, situated in Western Australia, houses an estimated total of 4,722 households. As we move into Q3 of 2023, the typical house prices in this suburb stand at a moderate $387,143, with a median weekly rent of $346. This translates into an attractive indicative yield of 4.65%, surpassing the minimum market requirement of 3% and suggesting a favourable investment proposition for Cashflow-centric property investors.

    The socio-economic standing of MIDLAND is fair, represented by an IRSAD score of 873 out of the possible 1217. This score implies a reasonable socio-economic status and balanced living conditions for the residents.

    However, the renter to owner ratio is a slightly alarming 62%, a figure substantially over the desirable 30% mark. This suggests a high amount of rental competition that could potentially present lower returns in the long term for property investors. Still, the unit to house ratio is positive for landlords, standing at 46%. With less competition from unit landlords, this could result in maintaining higher rental yields.

    In terms of property affordability, MIDLAND holds good prospects with an affordability index of 25 years, well below the concerning threshold of 31 years.

    Presently, the stock on market percentage stands at a neutral 0.52%. The inventory level is at a favourable 1.29 months, suggesting a quick absorption of new property listings into the market. The BA ratio, signifying new dwelling growth, is a low 0.46%, indicating a controlled supply.

    Potentially concerning is the days on market figure for houses; at 132, it’s above the threshold of 90 days, indicating a somewhat tepid demand. However, MIDLAND’s vacancy rate is impressively low at 0.69%. This signifies high demand, as renters have limited supply to choose from. Adding further complexity to the demand scenario, the buy search index is at a neutral 3.

    It stands as a reminder that not all metrics are required to be favourable for an area to be a good investment. Savvy investors will also analyse the trends of these metrics over time, which can provide a more comprehensive picture of the market’s state. The RCS (Relative Composite Score) by HtAG Analytics can be an excellent tool for this, as it helps automate research 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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