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Willetton, WA 6155

Home » WA Real Estate Data » City of Canning, WA » Willetton, WA 6155

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 Willetton, WA 6155 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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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 “Willetton, WA 6155”

  1. The total adult population (15 years or older) of Willetton 6155 WA is 15,044, with a median age of 40. Of those, 60.46% are married, 7.44% are divorced or separated, 28.63% are single and 3.47% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $9,516. The median monthly mortgage repayment for households in this suburb is $2,100 which is 22.07% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in WA, the suburb of Willetton 6155 is primarily a residential area home to approximately 7620 households. In the third quarter of 2023, the typical price for houses within this locale reached $951,341. Subsequently, the median weekly rent stood at $516, thereby generating an indicative yield of 2.82%. While this yield value is below the minimum market requirement, other fundamental and supply-demand factors compensate for this.

    Willetton 6155 carries an impressive socio-economic score of 1060 out of 1217 according to the IRSAD metric. This highlights a strong socio-economic standing with high income levels, good access to economic resources, and a population that primarily engages in skilled professions.

    In addition, the renter to owner ratio in Willetton is 20%, showcasing a healthy balance in property types and tenancy, significantly reducing the risk of oversaturation and fostering a more appealing neighbourhood vibe. Moreover, the locality exemplifies an ideal balance between units and houses, with a ratio sitting at 2%. It implies fewer units and more houses in the area, less competition among landlords, and the likelihood of longer tenancy periods, hence creating an inviting environment for both families and investors.

    However, the suburb’s affordability index suggests that purchasing a house in Willetton 6155 may be considered a long-term investment, with an estimated 39 years needed to fully own a property based on the current interest rates, median family income, and typical property prices.

    Regarding supply metrics, the suburb fares well with a low stock on market percentage for houses at 0.33%, indicative of limited supply. Coupled with an inventory level of 1.53 months, it demonstrates the suburb’s strong market absorption rate for new listings. building approvals ratio also stands at an encouraging 0.98%, signalling restrained growth in new dwelling stock.

    From a demand perspective, houses in Willetton typically spend 52 days on the market before being sold and the vacancy rate – reflecting both houses and units – sits comfortably at 1.33%, demonstrating reasonably high demand. However, with a buy search index for houses at 3, it’s apparent that this suburb’s demand may be somewhat lukewarm compared to the state/city average.

    Although some metrics may seem unfavourable, it’s essential to consider the overall picture. Willetton 6155 showcases a fruitful environment for property investment, considering its sound socio-economic foundation, balanced rental market, limited supply, and relatively high demand. Prospective investors should continue to monitor trends with the help of automated research tools like the RCS (Relative Composite Score) metric by HtAG Analytics which accounts for multiple factors in its analysis.

    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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