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Maylands, WA 6051

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 Maylands, WA 6051 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 “Maylands, WA 6051”

  1. The total adult population (15 years or older) of Maylands 6051 WA is 11,470, with a median age of 36. Of those, 33.91% are married, 14.34% are divorced or separated, 49.29% are single and 2.41% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $9,544. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.16% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in WA, the suburb of Maylands 6051, with an estimated 8500 households, is a bustling hub in the heart of the state. Let’s delve into the state of the property market for houses in this area as of Q3 2023.

    The typical house prices in Maylands 6051 are currently standing at a robust $777,697. Coupled with a median weekly rent of $574, these properties are providing an indicative yield of 3.84%. Strong yields are encouraging for investors seeking solid return on investment, thereby making this suburb an appealing prospect for cash flow-centered property investors.

    Maylands touts an impressive socio-economic score, or IRSAD, of 1032 out of a possible 1217, indicating a prospering locale with access to economic resources and a propensity for higher income levels and skilled professions. However, the relatively high renter to owner ratio (49%) and units to houses ratio (55%) might indicate an over-saturated rental market and a higher proportion of units relative to houses, which can reduce the overall appeal of the neighbourhood to long-term investors.

    In the context of the broader property market, the affordability index for houses sits at around 32 years, slightly above the 30-year standard mortgage period. This suggests that full ownership can be a longer journey than in other areas, reflecting a decrease in affordability.

    In terms of supply, Maylands has a reasonable stock on market Percentage for houses at 0.42% and an inventory level of just 1.02 months, demonstrating a balanced market. Further, the building approvals Ratio for houses is at a healthy 1.16%, hinting towards steady growth and controlled inventory levels.

    However, the days on market for houses lingers at a considerable 105, suggesting a slightly slower pace of transactions and pointing towards potential lower demand. This is in contrast to its remarkably low vacancy rate of 0.81%, which conversely indicates high rental demand and pressures in the region. The buy search index for houses stands at 5, at par with the state/city average, suggesting a consistent interest and demand in purchase.

    While some metrics fall into unfavourable fields, the majority of metrics depict a favourable market condition. The mix of metrics and the robust yield make Maylands 6051 appealing to shrewd investors looking for balanced growth and strong returns. Remember that interpreting these metrics in isolation can potentially miss out on a nuanced understanding of the property market; the Relative Composite Score (RCS) developed by HtAG Analytics automates this research process, using over 80 metrics to give a more holistic view on the market.

    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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