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Shelley, WA 6148

Home » WA Real Estate Data » City of Canning, WA » Shelley, WA 6148

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 Shelley, WA 6148 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 “Shelley, WA 6148”

  1. The total adult population (15 years or older) of Shelley 6148 WA is 3,913, with a median age of 42. Of those, 59.06% are married, 8.46% are divorced or separated, 28.62% are single and 3.96% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $10,436. The median monthly mortgage repayment for households in this suburb is $2,275 which is 21.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Housing in the suburb of SHELLEY 6148, situated in WA, offers a mix of investment potential. The suburb plays host to around 2098 households, shrouding it with a sense of community spirit essential for homebuyers.

    As we delve into the data of Q3 2023, it is observed that the average house price in SHELLEY 6148 stands at a strong $1,203,680. When paired with the median weekly rent of $613, we calculate an indicative yield of 2.65%. While this might fall short of the desired 3% minimum for cashflow-focused property investors, other value indicators in the suburb offer some reason for positivity.

    The IRSAD score, a strong determinant of the socio-economic status in the suburb, is a respectable 1093 out of a potential highest score of 1217. This suggests that residents generally avail of good economic resources, and are often associated with high income brackets and skilled occupations.

    Investors would be pleased with a renter to owner ratio of just 24%, considerably lower than the cautionary limit of 30%. This demonstrates a lower saturation of rental properties, assuaging concerns of high competition among landlords.

    Moreover, the units to houses ratio is significantly low at 6%, suggesting a high proportion of houses. This ratio is beneficial to maintain higher rental yields due to less competition, and also attracts families who generally have longer tenancy periods.

    However, potential buyers may find the affordability index intimidating, standing at 45 years for houses. This indicates that, on average, it takes an estimated 45 years for a homeowner to fully own a property, somewhat diminishing the suburb’s allure for new buyers.

    Supply, on the other hand, is in favour of the investors, with a low stock on market percentage at 0.31% and an inventory level at just 1.26 months. This indicates a low supply market, usually leading to a better return for the property owners.

    The building approvals Ratio of 2.02% suggests there could be a slight increase in supply of new dwellings in the market, but it’s not dramatically high to cause concern. Meanwhile, houses in SHELLEY are selling relatively quickly, with an average of 31 days on the market.

    The suburb’s vacancy rate, inclusive of both houses and units, is extremely low at 0.78% – indicating a high demand in the property market. Adding to the high demand is also the buy search index which is considerably high at 7, suggesting that more people are searching to buy properties in Shelley 6148 compared to the state or city average.

    Investors, therefore, should consider the growth prospects of properties in Shelley 6148, although it’s vital to keep a close eye on the market developments and data trends for comprehensive insight.

    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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