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Nollamara, WA 6061

Home » WA Real Estate Data » City of Stirling, WA » Nollamara, WA 6061

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 Nollamara, WA 6061 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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Yield 

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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 “Nollamara, WA 6061”

  1. The total adult population (15 years or older) of Nollamara 6061 WA is 10,598, with a median age of 34. Of those, 39.06% are married, 14.80% are divorced or separated, 42.73% are single and 3.44% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,352. The median monthly mortgage repayment for households in this suburb is $1,582 which is 21.52% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Western Australia, the suburb of Nollamara (6061) is a vibrant community invigorated by 6,491 households. As we journeyed through Q3 of 2023, house prices in Nollamara graced the bar at an average of $453,267 while the median weekly rent stood at $454. This resulted in a promising indicative yield of 5.21%, attractive for cashflow-focused property investors.

    The socio-economic fabric of Nollamara unwinds itself with an IRSAD score of 960 out of 1,217. This suggests a commanding access to economic resources and a significant presence of residents in skilled occupations. However, an investor should consider the relatively high renter to owner ratio of 46%, surpassing the favourable threshold of 30% and indicating high competition with other property investors and risk due to the high proportion of renters in the neighbourhood.

    Mirroring a favourable scenario for investment, the suburb has a units-to-houses ratio of 14%, below the 50% mark, reducing competition among landlords and making it lucrative for families seeking longer tenancy periods. Further solidifying Nollamara’s appeal is the affordability index, with a score of 24 years, well below the critical 31-year mark indicating high affordability in the property market here.

    Analysing supply factors, Nollamara presents a reasonably balanced environment with a stock on market Percentage for houses standing at 0.49%, registering in the favourable range of under 0.4% to 1.3%. Buoying this is the inventory level for houses, which resoundingly favouring buyers at 1.04 months, indicating a quick absorption of new listings.

    The building approvals Ratio for houses unfurls at 0.68%, falling under the preferred 0.3% mark showing low supply and highly favourable market conditions. However, the average days on market for houses is pegged at 211, considerably higher than the preferred threshold of 90 days, suggesting a softer demand in the area.

    As we turn towards demand metrics in Nollamara, the vacancy rate for both houses and units remained exceptionally low at 0.4%, signalling the higher demand and limited supply supporting a healthy rental market. However, the buy search index for houses marked at 3 lines up slightly below the desired level indicating a somewhat muted demand for property purchase searches.

    Despite a few metrics leaning towards the softer side, Nollamara remains an attractive suburb for investment considering its healthy indicative yield, and favourable unit-to-house ratio, affordability index and supply conditions. It is essential for investors to remember that the observed conditions form a snapshot of that point in time. Remaining alert to market changes and utilising tools like the Relative Composite Score lead to beneficial property investment outcomes.

    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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