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Kalgan, 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 Kalgan, 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 “Kalgan, WA 6330”

  1. The total adult population (15 years or older) of Kalgan 6330 WA is 681, with a median age of 44. Of those, 53.89% are married, 13.07% are divorced or separated, 30.10% are single and 3.67% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,584. The median monthly mortgage repayment for households in this suburb is $2,057 which is 23.96% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Kalgan, post code 6330, located in Western Australia, hosts an estimated total of 432 households. As we move into the third quarter of 2023, the typical price for houses in Kalgan comes up to $930,106. Median weekly rents sit at $483, corresponding to an indicative yield of 2.7%, falling paradoxically just short of what property investors with a focus on cash flow may find attractive.

    The IRSAD score for Kalgan stands proudly at 1032 out of 1217, speaking to the area’s relatively strong socio-economic profile. This highlights that residents in the area have good access to economic resources and are of a decent income level. Conversely, the renter to owner ratio exhibits a low standing at 14%, demonstrating a market that is not saturated with rental properties. This could potentially result in higher returns and less competition for property investors in the long term.

    The units to houses ratio in Kalgan is an exceptional 1%, signalling minimal competition among landlords for tenants. This ratio can help support higher yields and longer tenancy periods, attractive to families desiring a community vibe rather than a transient population.

    The affordability index in Kalgan is calculated at approximately 42 years, indicating a challenging environment for potential home owners with regards to affordability. However, it is worth noting that for investors this could hint towards a larger pool of potential tenants.

    Kalgan has a soberingly low stock on market Percentage for houses at 0.23%, indicating scarce supply in the market. In addition, inventory levels are satisfactory, presenting at 1.5 months which denotes an efficient absorption of new property listings.

    No new buildings have been approved recently as suggested by the building approvals Ratio registering at 0.0%. The average days on market (DoM) for houses counts up to 72, indicating a potentially slower sale process, though not necessarily poor demand.

    The suburb of Kalgan finds its combined vacancy rate for houses and units at a neutral 1.64%, pointing to an average demand. Meanwhile, the buy search index for houses in Kalgan is at 3, remaining on the lower end of the scale and indicating moderate demand in the area.

    Finally, understanding that not one metric can be analysed in isolation, it’s essential to observe trends and cross-reference across indictors. Furthermore, a balanced view of the market must accept some metrics in unfavourable ranges if the majority are in favourable conditions. Automated solutions like the HtAG’s Relative Composite Score (RCS) can be used for such a comprehensive analysis. With Kalgan’s property market seemingly favouring the long-term investor, staying abreast with current data is crucial for beneficial decision-making.

    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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