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Champion Lakes, WA 6111

Home » WA Real Estate Data » City of Armadale, WA » Champion Lakes, WA 6111

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 Champion Lakes, WA 6111 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 “Champion Lakes, WA 6111”

  1. The total adult population (15 years or older) of Champion Lakes 6111 WA is 1,109, with a median age of 41. Of those, 52.12% are married, 13.07% are divorced or separated, 31.11% are single and 3.34% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,308. The median monthly mortgage repayment for households in this suburb is $1,950 which is 23.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the natural beauty of Western Australia lies the inviting suburb of Champion Lakes, postcode 6111. With around 800 homes forming the heartbeat of this community, it presents a notable environment for property interest. Heading into Q3 of 2023, the average house in Champion Lakes fetches a mark of $496,701 while occupants relish the opportunity to lease properties at a median weekly rent of $484. The allure for investors is evident, with the indicative yield positioned nicely at 5.07%.

    Beyond the basic costs and returns, the socio-economic dynamics of Champion Lakes hold their own merits. The neighbourhood scores 995 on the IRSAD scale, signalling a resident population with commendable economic resources and overall socio-economic health relative to the peak benchmark of 1217. All the while, the renter to owner ratio sits at a stable 23%, indicating a lower saturation of rental properties and thus more investment opportunities. Ordinarily, markets bloated with rental properties risk lower returns and fierce competition among investors.

    The property market’s composition in Champion Lakes leans heavily towards houses, as suggested by the 0% units to houses ratio, which further increases this area’s appeal with investors and residents. An extended tenure of families is likely in this atmosphere that seemingly shuns the often transient nature of apartment dwelling.

    Financial accessibility is an area where Champion Lakes shines, requiring a commendable 23 years to fully own a property within its sanctuary based on the affordability index. This rating significantly improves the marketability of the area for prudent investors conscious of interest rates and median family earnings.

    Despite showing a balanced stock on market Percentage at 0.75% and an inventory level of 2.77 months, the rather high building approvals Ratio at 6.88% could skew the supply-demand balance. Nonetheless, the average ‘days on market’ for houses, falling at 58 days, and the low vacancy rate of 0.54%, actively demonstrate that there’s a consistent level of interest within these tranquil streets of Champion Lakes. However, the somewhat low buy search index of 2 means investors must be vigilant.

    Understanding the dynamics within the property market of Champion Lakes, just like anywhere else, requires continuous monitoring. Knowing when to make your move in the property market is all about timing and keeping track of variances in the market. Bearing a majority of favourable metrics, and with the help of tools such as the RCS score by HtAG Analytics, the breadth of Champion Lakes awaits the informed investor ready for a deep dive into the property 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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