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Little Grove, WA 6330

Home » WA Real Estate Data » City of Albany, WA » Little Grove, 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 Little Grove, 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 

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Buy 

1BR

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Rent 

1BR

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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 “Little Grove, WA 6330”

  1. The total adult population (15 years or older) of Little Grove 6330 WA is 1,248, with a median age of 48. Of those, 57.93% are married, 11.54% are divorced or separated, 25.72% are single and 4.25% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,924. The median monthly mortgage repayment for households in this suburb is $1,610 which is 20.32% of their earnings.

    Source: ABS Census Data (2021)

  2. The serene suburb of Little Grove, bearing the postcode 6330, is nestled within the vast expanses of Western Australia, and is home to an estimated 742 households. As of Q3 2023, potential property investors or buyers will find that the typical price for houses in this peaceful locale is $761,982 – a figure that when considered in combination with a median weekly rent of $481, results in an indicative yield of approximately 3.28%.

    Little Grove’s Index of Relative Socio-Economic Advantage and Disadvantage (IRSAD) score weighs in at a robust 990 out of a possible 1217, reflecting a community with a favourable socio-economic standing. Furthermore, a renter-to-owner ratio of a mere 15% suggests excellent long-term stability for investing property owners, given the reduced competitiveness with fellow investors brought by lower rental market saturation.

    Moreover, the suburbs’ minimal units to houses ratio of 7% emphasises a predilection for the more traditional house over apartments or units in the rental market. This inherently lowers competition amongst landlords, while simultaneously attracting the ideal tenant demographic of stable, long-term families.

    On the affordability spectrum, the ‘Years to Own’ metric in Little Grove sits at 38 years; while above the standard 30-year mortgage term suggesting decreased affordability, it is not excessively so and may be mitigated by stable market conditions or higher annual incomes.

    When focused on Little Grove’s real estate supply metrics, we identify favourable conditions for property buyers and investors alike. With a stock-on-market percentage at just 0.31% and an impressively low inventory level at 1.09 months, there’s a compelling case for a supply-demand dynamic that favours investment appreciation. Furthermore, a building approval ratio at 0%, suggests low upcoming supply of new dwelling stock in the market.

    In regards to demand, the suburb’s housing situation leaves nothing to be desired, with an average of 8 days on the market, reflecting a robust demand for properties. The net vacancy rate, combining both houses and units, sits at a low 0.93%, underscoring a high demand and little supply scenario, that’s an investor’s dream. Finally, a buy search index set at 3, suggests that while the suburb’s popularity is neutral, it offers considerable potential for those thinking strategically about their next property investment.

    While each metric individually provides valuable insights, the collective picture painted by these statistics is pivotal in making an informed investment decision. Ensuring that a watchful eye is maintained on market developments in suburbs like Little Grove is key to capitalising on opportunities for capital gains and positive cash flow.

    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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