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Tuart Hill, WA 6060

Home » WA Real Estate Data » City of Stirling, WA » Tuart Hill, WA 6060

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 Tuart Hill, WA 6060 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Tuart Hill, WA 6060”

  1. The total adult population (15 years or older) of Tuart Hill 6060 WA is 6,574, with a median age of 36. Of those, 38.42% are married, 14.22% are divorced or separated, 43.25% are single and 4.06% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $8,416. The median monthly mortgage repayment for households in this suburb is $1,647 which is 19.57% of their earnings.

    Source: ABS Census Data (2021)

  2. Based in the heart of Western Australia, the thriving suburb of Tuart Hill is a community that is home to approximately 4194 households. Entering Q3 of 2023, the typical price for houses in this locale settles at $648,516. With a median weekly rent of $522, property investment may yield a substantial 4.19%, indicative of the area’s potential for capital growth and positive cash flow.

    Tuart Hill touts an IRSAD score of 1007 out of 1217, painting a picture of a suburb that enjoys good access to economic resources with residents tending to occupy income levels on the higher end of the spectrum and often hold skilled professions. Though the renter to owner ratio reads at a slightly high 46%, the units to houses ratio is within a favourable range at 36%, suggesting a well-balanced mix of housing options that can cater to both families and individuals.

    On the affordability front, Tuart Hill aligns with the norm with an index of 30 years – the typical duration it would require a resident family to entirely own a property based on factors such as interest rates, median family income and the prevailing property prices.

    In terms of supply, Tuart Hill accommodates a modest stock on market Percentage of 0.41% for houses. This suggests an adequately controlled supply, sitting favourably low in the market. This is further reflected with an inventory Level of 0.92 months, indicating a fast-absorbing market for new property listings. However, the Building Approval Ratio reads slightly high at 2.45%, hinting towards a slight increase in new residential developments.

    Demand for houses in Tuart Hill tends to lean towards the low side with an average of 96 Days on Market. Yet, with a low vacancy rate of 0.41% (combining houses and units), it is evident that rental properties don’t stay vacant for long, indicating a relatively healthy demand for rental accommodation. Adding to this is the buy search index at 3 suggests slightly subdued yet stable demand for property purchase.

    Considering all these factors together, while Tuart Hill demonstrates a few moderately high indicators (such as the renter to owner ratio and Days on Market), it showcases an overall balanced property market with fair affordability, moderate supply and reasonable demand. As with all property investments, it remains prime to monitor these metrics closely as market trends evolve over time.

    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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