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North Beach, WA 6020

Home » WA Real Estate Data » City of Stirling, WA » North Beach, WA 6020

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 North Beach, WA 6020 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 “North Beach, WA 6020”

  1. The total adult population (15 years or older) of North Beach 6020 WA is 3,083, with a median age of 44. Of those, 49.43% are married, 12.59% are divorced or separated, 33.02% are single and 4.67% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $11,684. The median monthly mortgage repayment for households in this suburb is $2,541 which is 21.75% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of North Beach, postal code 6020, is tucked away in Western Australia. This coastal region is home to an estimated 1875 households, offering a diverse mix of residences that cater to a variety of occupants. As we delve into the third quarter of 2023, the property market in North Beach is presenting some interesting metrics that merit our attention.

    Prices for houses in North Beach hover around the $1,424,410 mark. Paired with a median weekly rent of $643, this produces an indicative yield of 2.35%. While this yield falls slightly below the attractive market requirement of 3%, it’s important to place this figure into the broader context of the property market in North Beach.

    The suburb flaunts an impressive IRSAD socio-economic score of 1083 out of 1217, indicating a thriving community with good access to economic resources, healthy lifestyle and low crime rates. Moreover, the suburb has a healthy renter to owner ratio of 28%, which is considered a favourable figure. This provides an indication of a well-balanced real estate market, offering appeals to both homeowners and property investors.

    Moreover, the units to houses ratio stands at 15%, which is within the favourable range. This illustrates that the property market in North Beach leans toward houses, suggesting less competition amongst landlords and potentially longer tenancies.

    However, the affordability index in North Beach presently stands at 48 years, an uphill climb that is deemed challenging by some. With a years to own value exceeding 31 years, this may present hurdles for prospective residents looking to secure ownership in this area.

    Stock on Market Percentage for houses is very low at 0.07%, indicating a shortage of houses on the market and thus a favourable setting for sellers. This trend is supported by the inventory level of just 0.28 months, conveying that new house listings are being snapped up swiftly.

    Similarly, the building approvals Ratio of 0.9% is a favourable indicator suggesting a low supply of new dwellings. With an average of 76 days on the market for houses, demand remains fairly steady in North Beach.

    The combined vacancy rate for houses and units is extremely low at 0.75%, indicating a high demand for rental properties, which could bode well for landlords. Further indicating a thriving demand, the buy search index for houses stands at 6, significantly above the state average, suggesting a thriving market.

    While every suburb will have metrics that fall within both favourable and less favourable ranges, the tailored approach offered by the RCS (Relative Composite Score) metric developed by HtAG Analytics can help streamline the research process and offer a more in-depth understanding of each market. When it comes to investing in property, it is always crucial to stay informed and keep a keen eye on market developments.

    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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