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Albany, WA 6330

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 Albany, WA 6330 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 “Albany, WA 6330”

  1. The total adult population (15 years or older) of Albany 6330 WA is 1,257, with a median age of 55. Of those, 46.46% are married, 17.02% are divorced or separated, 29.51% are single and 6.84% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $7,904. The median monthly mortgage repayment for households in this suburb is $1,700 which is 21.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: Nestled within Western Australia, the suburb of Albany 6330 is estimated to be home to approximately 1383 households, becoming a focal suburb of note for savvy property investors. According to the data from Q3 2023, typical house prices in Albany 6330 are priced at $782,915 and with a median giving weekly rent of $413. This leads to an indicative yield of 2.74%, just below the minimum attractive yield of 3% for cashflow-focused properties.

    Taking a glimpse at socio-economic indicators, Albany 6330 boasts an IRSAD score of 1031 out of 1217, suggesting that residents enjoy a healthy socioeconomic infrastructure. A closer look at the local property market reveals a renter to owner ratio of 27%, a lower than average statistic that’s attractive to investors seeking less competition and longevity in tenancy.

    For those keeping tabs on the housing ratio, the unit to house ratio is a lean 14%, proving a smaller supply of units compared to houses which can result in higher yields and fewer investors vying for the same tenants. However, potential buyers should consider the affordability index, which sits at 39 years, indicating decreased affordability in the area.

    It’s key to be informed about the local property market’s fluid scenarios. Supply metrics in Albany 6330 are strong, with a low stock on market Percentage for houses at 0.09% and a positive inventory level for houses at 0.38 months. Coupled with a Building Approval Ratio for houses at 0.26%, these factors combine to create a controlled and balanced supply environment.

    Demand metrics highlight a longer days on market for houses at 102 days and a neutral vacancy rate of 1.06%—indicating that while demand is not exceptionally high, it remains steady and consistent. This balanced demand is only bolstered by a buy search index for houses at 6, indicating greater demand relative to the place’s average.

    While some indicators point towards slight challenges on the affordability aspect, Albany 6330 presents a strong potential return on investment given the controlled supply and steady demand levels. It’s important to consider these alongside any potential changes in trends over time. Regional Composite Score (RCS), a research tool developed by HtAG Analytics, could further simplify this process by automating the research factor using a complex system of over 80 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.

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