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Erskine, WA 6210

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 Erskine, WA 6210 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 “Erskine, WA 6210”

  1. The total adult population (15 years or older) of Erskine 6210 WA is 4,814, with a median age of 61. Of those, 53.28% are married, 15.43% are divorced or separated, 21.25% are single and 9.95% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,000. The median monthly mortgage repayment for households in this suburb is $1,701 which is 34.02% of their earnings.

    Source: ABS Census Data (2021)

  2. Text:

    Nestled in WA, the suburb of Erskine 6210 is home to approximately 3166 households. As the third quarter of 2023 unfolds, we witness typical prices for houses here at $552,488, matched with median weekly rents of $486. This brings us to an indicative yield of roughly 4.57%, making it an attractive market for those centred around cash flow.

    From a socio-economic viewpoint, Erskine holds an IRSAD score of 928 out of a possible 1217, pointing towards a community with decent economic resources and a fair mix of occupations. This is reinforced by a favourable renter to owner ratio of 19%, inferring a lower risk of high competition amongst investors due to a saturation of rentals.

    In fact, the units to houses ratio further solidifies this position, being accounted for at a low 10%, and thus portraying lesser competition among landlords while fostering an environment for longer tenancies. However, with an affordability index tallying at 43 years, there is a noticeable strain on affordability, implying it needs more than the standard 30-year mortgage duration to fully own a property based on current metrics.

    When shifting focus to supply metrics, we find that Erskine’s stock on market Percentage for houses is confined to a favourable 0.21%, suggesting low supply. This, paired with the inventory level of just half a month, gives further indication of a tight supply scenario. Despite the building approvals ratio for houses perching at 1.64%, it still falls within the favourable range signaling reasonable control over the influx of new dwellings.

    Demand metrics also give Erskine a favourable edge. With properties spending an average of 24 days on the market, there’s a significant interest from buyers. This notion is confirmed by a low vacancy rate at 0.98% (combined houses and units) insinuating high demand.

    Finally, the buy search index at 4 hints at an average level of interest when compared to the state or city average, imitating the active role of both buyers and sellers.

    Although the affordability index is unfavourable, it’s worth noting that the other metrics lean towards the favourable side, indicating a buoyant property market in Erskine 6210. As with any property investment, the continued observation of market trends and data is key to making informed decisions.

    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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