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Watermans Bay, WA 6020

Home » WA Real Estate Data » City of Stirling, WA » Watermans Bay, 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 Watermans Bay, 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 “Watermans Bay, WA 6020”

  1. The total adult population (15 years or older) of Watermans Bay 6020 WA is 1,156, with a median age of 49. Of those, 60.38% are married, 8.82% are divorced or separated, 25.78% are single and 4.50% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $12,212. The median monthly mortgage repayment for households in this suburb is $2,934 which is 24.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Watermans Bay 6020 is nestled in the state of Western Australia, offering a home to an estimated 679 households. Delving into the third quarter of 2023, houses in this suburb typically hit the market at prices around $1,570,848 AUD, and are rented out at a weekly median cost of $689. This rental premium contributes to an indicative yield of approximately 2.28%.

    In terms of socio-economic factors, Watermans Bay boasts an impressive IRSAD score of 1,118 out of a possible 1,217, signifying favourable economic resources and quality of life. The renter to owner ratio in the suburb is a comfortable 19%, keeping the market from being over-saturated with rental properties. The units to houses ratio sits at an inviting 15%, demonstrating a predominantly house-oriented property landscape which is a bonus for those seeking long-term family tenants.

    When considering the affordability index, purchasing a house in Watermans Bay would typically necessitate a 50-year commitment based on current monetary conditions. This of course means affordability may be a touch out of reach for some, supporting a thriving rental market. When probed into property supply, the stock on market for houses is a low 0.39%, coupled with an inventory period of 1.41 months, indicative of a fairly low supply setting.

    Building Approvals Ratio for houses stands at 1.18%, implying a slow but steady supply of newly approved residential opportunities. While houses are turning heads rather quickly in this area, with the average ‘Days on Market’ being a mere 18 days. In a reassuring display of high demand, Watermans Bay manages to maintain a remarkably low vacancy rate of 0.76%, a strong sign that rental properties experience short vacant periods and are in high demand.

    Lastly, with a buy search index for houses at a robust 6, this data suggests that demand for houses in this suburb is strong and prospective house buyers are actively seeking property opportunities in Watermans Bay.

    Though some metrics might be in unfavourable ranges, a powerful tool such as the Relative Composite Score (RCS), fed by over 80 metrics, automates this research and allows investors to remain informed on all aspects of their property market journey. Therefore, the key lies in a balanced analysis of all indicators, keeping a keen eye on evolving trends. As always, due diligence and regular review of the market developments hold the keys to successful real estate investments.

    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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