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Centennial Park, WA 6330

Home » WA Real Estate Data » City of Albany, WA » Centennial Park, 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 Centennial Park, 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 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Centennial Park, WA 6330”

  1. The total adult population (15 years or older) of Centennial Park 6330 WA is 631, with a median age of 53. Of those, 31.54% are married, 20.76% are divorced or separated, 35.97% are single and 11.73% are widowed.

    The average household size is 1.7 people per dwelling, and the median household monthly income is estimated to be $5,180. The median monthly mortgage repayment for households in this suburb is $1,295 which is 25.00% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Western Australia, the suburb of Centennial Park 6330 is a growing community with an estimated 1,049 households. As of the third quarter of 2023, the typical price for houses in Centennial Park stands at $451,905.

    These homes command a median weekly rent of $377, equating to an appealing indicative yield of 4.34%. This yield considerably surpasses the 3% minimum requirement often sought after by cashflow-centered property investors.

    In terms of socio-economic indicators, the area boasts an IRSAD score of 872 out of a potential 1,217, suggesting a moderate level of access to economic resources including relatively high incomes and an array of professional opportunities.

    Despite a slight skew towards renters, with a renter to owner ratio of 43%, and an above-average units to houses ratio of 56%, the area holds potential for property investment. However, these metrics suggest increased competition among landlords and a higher proportion of renters, which might affect the overall ‘vibe’ of the neighbourhood negatively.

    The affordability index for houses in Centennial Park is currently at 34 years, showing a slight lack of affordability based on factors such as interest rates, median family income, and standard property prices in the area.

    In terms of supply, the stock on market percentage for houses presents a favourable figure of 0.15%. This low supply status is further indicated by the suburb’s inventory level, at just under a month (0.92) and a below-average building approvals ratio for houses, sitting well within the favourable range at 0.46%.

    However, with an average days on market for houses at 105, demand seems to be lower; despite this, the vacancy rate stands at a remarkable low of 0.22%, showing high occupancy and hence high demand for rental properties.

    Searching trends depict a balanced demand for houses in the area, shown by its buy search index of 5, commonly seen in state or city averages.

    In essence, despite some metrics straying into less favourable ranges, majority suggests that CENTENNIAL PARK 6330 boasts of a balanced property market. Remember to consider the ongoing trends visualised in our dashboard and stay abreast of any changes in these figures to make well-informed property investment decisions. With over 80 metrics, our innovative RCS (Relative Composite Score) at HtAG Analytics can greatly simplify your research process.

    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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