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Coolbinia, WA 6050

Home » WA Real Estate Data » City of Stirling, WA » Coolbinia, WA 6050

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 Coolbinia, WA 6050 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.

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Rent 

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Yield 

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Buy 

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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 “Coolbinia, WA 6050”

  1. The total adult population (15 years or older) of Coolbinia 6050 WA is 1,395, with a median age of 40. Of those, 55.27% are married, 6.52% are divorced or separated, 34.62% are single and 3.01% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $16,664. The median monthly mortgage repayment for households in this suburb is $2,600 which is 15.60% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Western Australia, the Suburb COOLBINIA 6050 is a domiciliary hub that hosts approximately 755 households. As of the 3rd quarter of 2023, the typical cost attached to houses in this suburb sits at a solid $1,537,867. Here, the median weekly rent rates at $717, generating an indicative yield of 2.42%. While this yield is below the 3% mark usually coveted by cashflow-centred property investors, it’s important not to discount other favourable metrics in evaluating its investment potential.

    The IRSAD score for COOLBINIA is 1139 out of 1217, suggesting that the population enjoys a high socio-economic status. With a renter to owner ratio of 15%, well below the 30% indicating higher competition and risk among investors, it clearly highlights a steady owner-occupier dominated market. Furthermore, the units to houses ratio also sits comfortably at 15%, which emphasises a rather low competition among landlords for tenants, providing a healthier rental yield.

    However, on the affordability index, COOLBINIA is little on the high side, clocking in at 36 years. This suggests that, based on factors such as current interest rates, median family income and typical property prices, it may take longer on a standard 30-year mortgage to fully own a property here.

    That said, the supply metrics for COOLBINIA are highly favourable. The stock on market Percentage is just 0.18%, demonstrating a low supply, while the inventory level for houses is a short 0.57 months. Both figures indicate an absorbent market, apt for new listings. Over and above, the Building Approval Ratio for houses registers as 0.72%, revealing a steady growth in the area.

    Despite houses spending an average of 111 days on the market, the shortage of supply factors in as an advantage. With a vacancy rate of 1.74%, demand appears to be neutral. In fact, the buy search index for houses is at 8, suggesting high demand, which, along with other favourable metrics, contributes to COOLBINIA’s potential allure for investors.

    In conclusion, while some metrics fall slightly short, the favourable market conditions related to supply and demand, coupled with the strong socio-economic status in COOLBINIA 6050, mark it as a suburb worthy of consideration for property investors and buyers agents. However, it’s crucial to keep abreast of RMS (Relative Composite Score) developed by HtAG Analytics that synthesises additional metrics to provide a more comprehensive market analysis.

    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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