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Nannup, WA 6275

Home » WA Real Estate Data » Nannup, WA » Nannup, WA 6275

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 Nannup, WA 6275 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

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

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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 “Nannup, WA 6275”

  1. The total adult population (15 years or older) of Nannup 6275 WA is 849, with a median age of 57. Of those, 50.41% are married, 18.02% are divorced or separated, 25.68% are single and 5.89% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,440. The median monthly mortgage repayment for households in this suburb is $1,300 which is 23.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in WA, Nannup 6275 houses approximately 695 households. As we approach Q3 of 2023, the typical house prices in Nannup are estimated to be $567,068, with a median weekly rent of $380, creating an indicative yield of 3.5%. This yield marginally meets the minimum market requirement, indicating a fair return for cashflow-focused property investors.

    Nannup’s IRSAD score is 938 out of a possible 1217, which shows that the suburb has a relatively high socio-economic status indicating potentially reasonable access to economic resources, and possibly a high level of income and skilled professions. In terms of rental activity, the renter to owner ratio is at a favorable 22%, suggesting that the suburb is not oversaturated with rental properties, thus minimising competition among landlords and the potential risk of reduced returns.

    When considering the units to houses ratio, Nannup has a very favourable ratio of 1%, which is significantly lower than the threshold for rental property oversaturation. This indicates a higher preference for houses in the suburb, potentially leading to a greater appeal for families who often result in longer tenancy periods.

    However, the affordability index, benchmarked at 41 years, exceeds the standard 30-year mortgage assumption, revealing that it may be more challenging for residents to fully own a property within this suburb.

    Examining supply metrics, Nannup’s stock on market percentage is at a favourable 0.14%, indicating a low supply in the property market. This trend is mirrored in the inventory level, which stands at 0.5 months, suggesting that the market can quickly absorb new listings. The building approvals ratio is at 0%, which shows limited growth in terms of new residential stock and may point to a supply constraint, enhancing investment potential.

    As for demand metrics, houses in Nannup average around 37 days on the market, showcasing a fairly high demand, whilst the vacancy rate stands at 1.3%, reflecting a favourable balance of supply vs demand. However, with a buy search index of 3, potential buyers’ interest is at a moderate level.

    While some metrics point towards favourable conditions in Nannup, the affordability index could pose a constraint for potential homeowners. Thus, as with all property investments, it’s crucial to conduct a comprehensive analysis of the market data and monitor trends when considering Nannup 6275 as a potential investment location.

    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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