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Mount Richon, WA 6112

Home » WA Real Estate Data » City of Armadale, WA » Mount Richon, WA 6112

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 Mount Richon, WA 6112 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 “Mount Richon, WA 6112”

  1. The total adult population (15 years or older) of Mount Richon 6112 WA is 1,769, with a median age of 50. Of those, 50.82% are married, 13.74% are divorced or separated, 28.32% are single and 6.90% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,696. The median monthly mortgage repayment for households in this suburb is $1,817 which is 23.61% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Mount Richon, 6112, in Western Australia, is a thriving residential area with an estimated 1022 households. When examining the quarter-three property market for houses in Mount Richon, a multi-faceted perspective is generated.

    As of Q3 2023, the typical house prices in this suburb stands at $553,760. Coupled with a median weekly rent of $423, properties are indicated to yield about 3.97%, which, exceeding the minimum 3% required, attracts investors focused on cashflow.

    Diving into the socio-economic details that make up the suburb, the IRSAD score is impressive at 979 out of 1217, signalling a decent socio-economic status of the population in Mount Richon. It suggests the area hosts residents with moderate to high income, indicative of economic stability.

    In addition, the area boasts of a low 10% renter to owner ratio and a units to houses ratio of 6%. Both well under the favourable limits, these rates hint at a market that’s not oversaturated with rentals, thereby constituting lower competition for landlords. The market appeals to families, who typically opt for longer tenancy periods, making Mount Richon an attractive area from an investment standpoint.

    Housing affordability in Mount Richon is evaluated at 28 years as per the Affordability Index. This sits below 30 years, signalling a market with good affordability among its residents – another encouraging sign for potential investors.

    In terms of property supply, the suburb records a stock on market Percentage of 0.62% for houses, putting it within the neutral supply range. The inventory level sits at a favourable 1.67 months, suggesting a low supply market, which could stimulate potential price growth. The building approvals Ratio is at 0%, indicating a low supply input from new residential buildings.

    Examining demand metrics, houses spend an average of 57 days on the market, indicative of solid demand. The vacancy rate for both units and houses sits at a neutral 1.92%, again hinting at steady demand. The suburb’s buy search index sits at 5, aligning with the state/city average, indicating healthy interest in the area’s property market.

    In conclusion, Mount Richon offers substantial merits as a property investment location. However, staying up-to-date with real estate data and understanding evolving trends is vital when considering investment opportunities. The HtAG Analytics’ Relative Composite Score (RCS) is a great tool for automating this process by using over 80 metrics to provide an insightful overview of property market trends and patterns.

    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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