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Bayonet Head, WA 6330

Home » WA Real Estate Data » City of Albany, WA » Bayonet Head, 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 Bayonet Head, 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.

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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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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 “Bayonet Head, WA 6330”

  1. The total adult population (15 years or older) of Bayonet Head 6330 WA is 2,628, with a median age of 42. Of those, 51.64% are married, 12.94% are divorced or separated, 30.02% are single and 5.48% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,452. The median monthly mortgage repayment for households in this suburb is $1,517 which is 23.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The tranquil suburb of Bayonet Head, located in Western Australia, is a modestly sized community estimated to have around 1,701 households. As we shift towards Q3 of 2023, the typical property prices for houses in Bayonet Head are noted at $527,277. Coupled with a median weekly rent of $445, we see an impressive indicative yield of 4.39%. This yield, surpassing the coveted 3% milestone, suggests that Bayonet Head could be a profitable venture for cashflow-focused investors.

    In terms of socio-economic standing, Bayonet Head attains an IRSAD score of 951 out of a possible 1217, indicating that the residents enjoy a relatively high level of economic resources, coinciding with decent income levels and professions. Adding to the suburb’s investor appeal is the favourable renter to owner ratio of 22%, well below the 30% threshold, which indicates a favorable market with a reduced risk of rental oversaturation.

    Meanwhile, maintaining the balance between the variety of properties available in the area, Bayonet Head sports a low units to houses ratio of 1%. Through the lens of an investor or buyer, this ratio infers a lower risk of rental competition, and the promise of the area attracting more long-term family tenants as it flaunts more houses than units.

    Investors beware: affordability can tantamount to a hurdle in Bayonet Head, with the estimated time required to fully own a property landing at 32 years, a couple of years over the standard mortgage term, signifying a dip in affordability.

    On a positive note, the suburb enjoys a lower than average stock on market percentage for houses at 0.31%, and a similarly low inventory level of 0.98 months, pointing towards a bullish housing market with a promising potential for capital growth.

    The building approvals ratio for houses sits comfortably at 1.22%, not reaching the 2% mark that might warn of an oversaturated market. Sold properties in Bayonet Head linger on the market for an average of 44 days, indicating there’s a healthy demand in the area, neither too quick nor too snail-paced.

    Vacancy rates in this suburb are remarkably low at 0.27% (for both houses and units combined), suggesting a high occupancy rate and limited housing availability. This could translate into landlords having the upper hand in commanding higher rents due to the scarcity of rentals. Furthermore, the buy search index for houses finds itself at a neutral 4, indicating an average demand amongst house hunters.

    In totality, Bayonet Head radiates a mix of promising indications, coupled with a few less favourable metrics. However, the overall vibe leans towards Bayonet Head being a promising suburban market for property investors and buyers alike, with most indicators sitting within the bullish spectrum. A thorough understanding of these dynamics, trends over time, and other influencing factors like future forecasts and capital growth stats via tools such as the RCS (Relative Composite Score) by HtAG Analytics can add to the confidence and success of any investment decision.

    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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