Fraud Blocker

Wembley, WA 6014

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 Wembley, WA 6014 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Wembley, WA 6014”

  1. The total adult population (15 years or older) of Wembley 6014 WA is 9,687, with a median age of 37. Of those, 50.86% are married, 9.66% are divorced or separated, 35.03% are single and 4.48% are widowed.

    The average household size is 2.4 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 $2,458 which is 21.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Wembley, a suburb of postcode 6014 nestled in Western Australia, is home to approximately 5879 households. As we advance into the third quarter of 2023, the property market trends of Wembley make an interesting study.

    Housing prices in Wembley are typically pegged at an impressive $1,518,389, while the median weekly rent stands at $759. However, the indicative yield reflects a slight downturn, as it currently sits at 2.6%, marginally under the preferred minimum yield for property investors, which is 3%.

    The socio-economic conditions of this suburb are robust, with an IRSAD score of 1097 out of 1217. This relatively high score indicates both wealth and access to economic resources amongst the residents, pointing to an affluent local demographic.

    However, the rental market glances a bit on the saturated side, with a renter to owner ratio at 37%. This leans towards a higher competition among landlords for tenants. Similarly, concerning unit saturation, it has a units to houses ratio of 46% – just shy of the favourable range of 50%.

    Notably, the affordability index, which gauges home purchasing prospects within the locality, stagnates at a high 51 years, providing a hint that potential homeownership might be a long-term commitment for the residents.

    Looking at the supply side of things, the stock on market for houses comes in at an acceptable 0.6%, presenting a balanced supply scenario. Likewise, the inventory levels for houses float at a promising low of 1.89 months, inferring a fast-moving housing sector.

    The building approvals ratio, a pointer to the growth of new residential dwellings, sticks at an acceptable low 0.55%, curbing the fear of oversupply.

    As for demand, houses in Wembley stay on the market for an average of 85 days, indicating a moderate demand. Likewise, the buyer search interest, as seen through the Buy Search Index, rests at a moderate level of 3.

    The vacancy rate for the suburb, which combines both houses and units, stands at a low 1.1% reflecting a high occupant demand and scarce availability, potentially translating into good news for property investors.

    Summarily, Wembley property market offers intriguing facets in Q3 2023 with favourable indicators in socio-economic score, stock supply and inventory level. However, the investor needs to weigh up these prospects with a slightly underwhelming yield, high affordability index and moderate demand. As always, keeping an eye on market trends is crucial for making beneficial property investment decisions.

    Additionally, accessing tools like RCS (Relative Composite Score) that has been developed by HtAG analytics can greatly streamline the process of market research and trend analysis, serving a comprehensive overview of the property market landscape. This tool leverages over 80 different metrics to enable better investment decisions.

    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.

Leave a comment