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Coolgardie, WA 6429

Home » WA Real Estate Data » Shire of Coolgardie, WA » Coolgardie, WA 6429

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 Coolgardie, WA 6429 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 “Coolgardie, WA 6429”

  1. The total adult population (15 years or older) of Coolgardie 6429 WA is 647, with a median age of 49. Of those, 38.79% are married, 19.47% are divorced or separated, 38.02% are single and 4.33% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,400. The median monthly mortgage repayment for households in this suburb is $927 which is 12.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Coolgardie 6429 hosts an estimated 617 households. As we delve into the third quarter of 2023, typical prices for houses in Coolgardie stand at $221,537. The median weekly rent is $370, generating an overwhelmingly above-average indicative yield of 8.73%, making Coolgardie a potentially fruitful investment for those focused on cashflow.

    The socio-economic score, quantified as the IRSAD score, for Coolgardie is 860 out of 1217. This reflects a reasonably favourable socio-economic situation in the area: access to economic resources, income levels and professional skill sets among the population are moderately prevalent. The renter to owner ratio is a mere 27%, far lower than the worrisome figure of 45%. This indicates a more balanced property market with fewer rental properties and a healthier number of owner-occupied homes.

    The community displays a prominent appeal to families and longer-term tenants with a minuscule units to houses ratio of 9%. This value affirmatively suggests an undersupply of units can maintain high rental yields and a lack of competition among landlords due to reduced rental options.

    In addition, the affordability index for houses stands at 9 years, a striking value hinting at high affordability among the suburb’s residents. This figure significantly outperforms the standard expected span of a 30-year mortgage and toughens the appeal of the suburb to potential homeowners.

    Further complimenting this is the suburb’s low stock on market Percentage for houses at a mere 0.16% and inventory level hovering at 0.6 months. Both values suggest a scarcity of supply, generally a positive indicator in the property market.

    Curiously though, the building approvals Ratio for houses in Coolgardie is at 0%, suggesting limited new housing stock entering the market. Whilst the days on market (DoM) for houses is slightly elevated at 88 days, it’s crucial to remember that other key metrics remain favourable, tempering the potential negative impact of extended DoM.

    To top it off, the combined vacancy rate for both houses and units trails at a meagre 1.22%. With an average buy search index of 3 for houses, demand, although not high, continues to maintain a steady pace.

    In essence, the property market data for Coolgardie, WA, points towards a promising opportunity for investment, particularly for those focused on positive cash flow and affordability. As in any investment scenario, it remains crucial to continue monitoring these key metrics, along with shifts in market trends and local factors, to make an informed decision. Lastly, don’t forget that tools like the RCS by HtAG Analytics can automate this research process using an array of over 80 metrics.

    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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