Fraud Blocker

Hay, WA 6333

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 Hay, WA 6333 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 “Hay, WA 6333”

  1. The total adult population (15 years or older) of Hay 6333 WA is 413, with a median age of 51. Of those, 58.84% are married, 13.32% are divorced or separated, 24.21% are single and 3.39% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,712. The median monthly mortgage repayment for households in this suburb is $1,658 which is 21.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Hay 6333 is home to an estimated 329 households. As we delve into the Q3 2023 property market for Hay, the typical price for houses stands at $874,312. Accompanied by a median weekly rent of $484, this equates to an indicative yield of 2.88%, which is slightly below the ideal mark of 3% for cashflow-centered property investors.

    When considering the fundamental metrics, Hay fares quite well. The socio-economic score, or IRSAD, is 1008 out of a possible 1217, indicating a stable socio-economic status of the populous. Further, the renter to owner ratio is favourable at 10%, below the optimal range of 30%, meaning the market isn’t oversaturated with rental properties and offers possible long-term returns. A notable highlight for Hay is its units to houses ratio, which stands at an impressive 0%, indicating no unit over-saturation, therefore less competition among landlords and generally longer tenancy periods.

    Affordability in Hay, however, is a concern. An index of 44 years to own a property surpasses the 31-year threshold, indicating decreased affordability and therefore a potential deterrent for potential homeowners.

    In terms of supply, the suburb holds a promising profile. Its stock on market Percentage is 0.91%, sitting comfortably within the neutral range but edging closer to the favourable low supply category. The inventory level is at 2.77 months, suggesting a market with a healthy rate of absorption. The building approvals Ratio for houses is at 0.3%, indicating a low supply scenario which in turn, creates a favourable environment for property owners and investors alike.

    Demand metrics do bring up some challenges. Houses in Hay tend to sit on the market for an elongated 220 days, suggesting a lower demand. On the other hand, a vacancy rate of 3.03% points to mostly neutral demand, but still hints at some opportunities since it’s under the upper limit of 3.5%. A standout positive is the buy search index at a robust 6, indicating that demand among potential homeowners is relatively high.

    In conclusion, Hay presents a mixed yet promising market, with strong fundamental and supply metrics offset by some demand challenges. Be sure to consider these insights within your broader investment strategy with the help of HtAG’s Relative Composite Score (RCS), which streamlines this process using a broad range of metrics.

    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