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Leeman, WA 6514

Home » WA Real Estate Data » Coorow, WA » Leeman, WA 6514

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 Leeman, WA 6514 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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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 “Leeman, WA 6514”

  1. The total adult population (15 years or older) of Leeman 6514 WA is 306, with a median age of 57. Of those, 47.71% are married, 18.95% are divorced or separated, 27.45% are single and 6.54% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,596. The median monthly mortgage repayment for households in this suburb is $1,375 which is 24.57% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Leeman, postal code 6514, is nestled in Western Australia and is home to an estimated 465 households. As we delve into the third quarter of 2023, the typical house prices in Leeman stand at $289,102 with a median weekly rent of $279. This translates to an impressive indicative yield of 5.02%, which exceeds the 3% threshold that property investors consider attractive.

    Leeman has achieved an IRSAD score of 874 out of 1217, painting the picture of a respectable socio-economic status amongst its citizens. In regard to property ownership, the renter to owner ratio is comparatively low at 21%. This suggests a decrease in long-term risks and competition for property investors and adds a positive appeal to the suburb’s feel.

    The fabric of the property market in Leeman is skewed in favour of houses, with a diminutive units-to-houses ratio of just 2%. This results in a more robust rental yield due to a lower competition among landlords for tenants and helps maintain the suburb’s family-friendly allure.

    In matters of affordability, Leeman shines with an affordability index of just 20 years for houses. This metric strongly underscores the suburb’s high affordability, bolstered by factors such as local median familial income and prevailing interest rates.

    When it comes to the supply side of things, the suburb’s stock on market Percentage is low at 0.23%, which indicates favourably limited supply. Moreover, the houses inventory level standing at just 0.67 months further supports this notion. Interestingly, the building approvals ratio is non-existent, implying a steady supply of houses within the market.

    Demand, though, seems to be a bit sluggish with an average of 204 Days on Market. However, the vacancy rate (combining houses and units) is quite low at 0.71%, hinting towards higher demand compared to supply. The buy search index for houses is roughly in the middle at 4, reflecting decent interest among prospective property seekers.

    While the demand metrics appear to be showing mixed signals, overall, the suburb of Leeman in 2023 exhibits some strong fundamentals coupled with favourable supply levels. This can certainly prove promising for cash flow-focused property investors. It’s important, though, to keep an eye on property trends and market shifts. Platforms like HtAG Analytics can automate this research process, offering a comprehensive insight underpinned by 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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