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Waroona, WA 6215

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 Waroona, WA 6215 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 “Waroona, WA 6215”

  1. The total adult population (15 years or older) of Waroona 6215 WA is 2,374, with a median age of 48. Of those, 49.33% are married, 14.74% are divorced or separated, 28.64% are single and 6.78% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,588. The median monthly mortgage repayment for households in this suburb is $1,517 which is 23.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Waroona 6215 houses an estimated 1,736 households. As we move into the third quarter of 2023, the property market in Waroona signifies an interesting investment landscape.

    The typical price for houses in this region currently sits at $415,498 with a median weekly rent around $388. This pricing-to-rent scenario reflects an attractive indicative yield of approximately 4.86%, a value well above the 3% minimum attractive market requirement for property investors focusing on cash flow.

    With an IRSAD socio-economic score of 896 out of 1217, it suggests that the residents in Waroona are decently well-off, adding to its appeal as a potential investment location. Moreover, the renter to owner ratio is low at 19% contrasted to recommend rate under 30%, underscoring an environment with low competition among property landlords. Similarly, Waroona showcases a relatively low proportion of units to houses at 2%, which again, is beneficial for maintaining higher rental yields due to less competition among landlords and tenants.

    The affordability index for houses measures favourably at 25 years, indicating high affordability for local residents and potential for a solid investment environment. This is supported by low supply indicators such as the stock on market Percentage for houses at only 0.24% and a relatively low inventory of 0.76 months. The BA Ratio is also low at 0.18%, suggesting limited new dwelling stock.

    Looking at demand indicators, the days on market for houses in Waroona is slightly high at 87 days. Yet, this should be weighed up against the exceptionally low combined vacancy rate for houses and units at only 0.31% and a moderately active market shown from the buy search index for houses at 4. This low vacancy rate and the decent buy search index help solidify Waroona’s position as a suburb warranting consideration by discerning investors.

    While exploring various investment suburbs, it’s essential to understand not only these metrics but also their trends in the broader context of the property market. Keep an eye on market developments, apply tools like HtAG Analytics’ RCS metric for research and make informed decisions for beneficial investments in real estate.

    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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