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Salter Point, WA 6152

Home » WA Real Estate Data » City of South Perth, WA » Salter Point, WA 6152

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 Salter Point, WA 6152 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Salter Point, WA 6152”

  1. The total adult population (15 years or older) of Salter Point 6152 WA is 2,461, with a median age of 47. Of those, 54.41% are married, 6.99% are divorced or separated, 29.70% are single and 8.82% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $13,412. The median monthly mortgage repayment for households in this suburb is $2,860 which is 21.32% of their earnings.

    Source: ABS Census Data (2021)

  2. Set in Western Australia, the suburb of Salter Point sits comfortably with an estimated 1269 households. As the third quarter of 2023 arrives, the data emerging from Salter Point is both intriguing and insightful for potential property investors.

    Houses in Salter Point are currently sold at an average price of $1,665,324. With a median weekly rent of $786, this equates to an indicative yield of 2.45%. While this yield is below the usual 3% benchmark for cashflow-centered investors, it’s important to consider this in the context of other market dynamics and long-term capital growth potential.

    Salter Point enjoys a high IRSAD score of 1128 out of a maximum 1217. This score is indicative of the suburb’s solid socio-economic standing, with residents bearing considerable means to access economic resources and maintain high income levels.

    Renters amount to a paltry 12% of Salter Point’s residents. Such a low renter-to-owner ratio is favourable as it signifies a stable community with greater longevity in tenures, therefore, creating a lower risk for property investors.

    Surprisingly, there’s an incredibly low units-to-houses ratio here, sitting at just 1%. This scarcity of units compared to the dominance of houses typically translates to longer tenancy periods, as suburbs with more houses tend to attract families as opposed to transient individuals or couples.

    However, on the other side of the coin, we have the affordability index that sits notably high at 49 years. The measurement, indicative of the duration required to fully own a property, suggests that home ownership is less affordable in this area. This could potentially affect the market in the long run.

    Digging into supply indicators, Salter Point reveals a stock on market percentage of 0.55% and inventory level at 2.18 months – both of them within the reasonable neutral range albeit trending towards a healthy low supply market. Construction doesn’t seem to be flooding the market either, with the building approvals Ratio sitting at a relatively low 1.01%.

    The local property market enjoys strong demand, with houses spending an average of only 13 days on the market. Meanwhile, the vacancy rate is modestly placed at 1.94%, indicating a steady demand for housing.

    Finally, with a buy search index for houses positioned at precisely the state average of 5, Salter Point is garnering a moderate level of interest from potential buyers.

    As is practical when researching a property market, continually delving into fresh data – such as with the sophisticated RCS (Relative Composite Score) tool developed by HtAG Analytics – can be the key to unlocking profitable property investment strategies suited to your specific investment goals.

    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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