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Mira Mar, WA 6330

Home » WA Real Estate Data » City of Albany, WA » Mira Mar, 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 Mira Mar, 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 

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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 “Mira Mar, WA 6330”

  1. The total adult population (15 years or older) of Mira Mar 6330 WA is 1,601, with a median age of 46. Of those, 41.35% are married, 17.11% are divorced or separated, 35.04% are single and 6.12% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,196. The median monthly mortgage repayment for households in this suburb is $1,490 which is 20.71% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Western Australia, the suburb of MIRA MAR 6330 is a burgeoning residential hub with approximately 1235 households. As we approach Q3 of 2023, the property market conditions for houses in this suburb present a mix of encouraging figures for potential investors.

    The typical prices for houses in MIRA MAR are pegged at $593,472, while the median weekly rent sits comfortably at $423. This price-to-rent setting generates an attractive indicative yield of 3.71%, which is slightly above the desirable minimum level for cash flow-focused property investors.

    In terms of socio-economic health, MIRA MAR boasts an IRSAD score of 976 out of 1217, which reveals a positive socio-economic scenario featuring a relatively affluent population and a substantial access to economic resources.

    An observation of the renter to owner ratio, which stands at 36%, does suggest a moderate amount of competition among landlords. However, a favourable units to houses ratio of 27% signals a market that is not oversaturated by apartments, studios or units, holding the promise of healthy rental returns for prospective investors.

    Despite an affordability index touching 32 years, slightly over the general affordability benchmark, the continued interest and capability in property ownership within the locale cannot be overlooked.

    From a supply perspective, MIRA MAR showcases strong figures. The stock on market Percentage is 0.12%, presenting a significantly low supply, which is positive. The inventory level mirrors this trend at an ultra-low 0.39 months, again indicating a market tilted in sellers’ favour. The low building approvals Ratio of 0.12% aligns perfectly with these indicators, hinting at limited new dwelling stock in the offing.

    On the demand side, an efficient average of 30 days on market is observed, suggesting a high level of buyer interest. Complementing this is an incredibly low vacancy rate of 0.22%, which manifests an almost insatiable demand for rental properties in the area. A steady buy search index of 5 indicates a balanced and stable demand.

    Nevertheless, it’s crucial that potential investors make a point of understanding the property market data not just in terms of these individual metrics, but their underlying trends and, importantly, how these interact with each other. The RCS developed by HtAG Analytics offers a methodical way of doing this by analysing 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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