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Binningup, WA 6233

Home » WA Real Estate Data » Shire of Harvey, WA » Binningup, WA 6233

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 Binningup, WA 6233 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 “Binningup, WA 6233”

  1. The total adult population (15 years or older) of Binningup 6233 WA is 1,074, with a median age of 45. Of those, 52.23% are married, 13.97% are divorced or separated, 31.10% are single and 2.79% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,144. The median monthly mortgage repayment for households in this suburb is $1,820 which is 22.35% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Binningup, bearing the postcode 6233, situated in Western Australia, harbours 889 households approximately. As updated till Q3 of 2023, the typical market price for houses in Binningup 6233 has been capped at $483,790 with the median weekly rent standing at $474. With these values, an indicative yield of 5.09% can be obtained, positioning the suburb as an attractive location for cashflow-focused property investors.

    A deeper dive into Binningup’s essentials and fundamentals renders an impressive IRSAD score of 969 out of 1217, signifying a considerably high socio-economic status for the area’s residents. This score, combined with only 24% renter to homeowner’s ratio, subtly hints at the area’s appealing nature and the decent lifestyle led by its residents, which is crucial for future capital appreciation prospects.

    The property market in Binningup is dominated by houses rather than units, with a minimal units to houses ratio of 1%. This signifies less competition amongst landlords and promises longer tenancy periods, often provided by families attracted by the higher presence of houses.

    In terms of affordability, the index for houses stands at 23 years, indicating that the property market in Binningup offers high affordability and potential for homeowners to completely possess a house.

    Shifting the focus towards Binningup’s supply metrics, the ‘Stock on Market Percentage’ for homes is a promising 0.12%, reflecting the low supply and hence, capturing the attention of potential investors. Additionally, the low inventory level for houses at 0.32 months suggests that new listings can be quickly sold in the present market conditions of Binningup.

    Additionally, Binningup has a ‘Building Approval Ratio’ for houses of 0.0% that indicates the current negligible progression pace of new residential projects, thereby mitigating the risk of an oversupply in the future.

    The ‘Days on Market’ for homes averages at 39 days, indicating reasonable demand. With a vacancy rate of 0.48%, the suburb positions itself as a high demand area. This combined with a buy search index of 5, in line with the state average, points towards a stable market of potential buyers.

    In conclusion, Binningup’s market is not just favourable due to individual metrics but also due to their pairing up – low supply and high demand. Although the market is not perfect, the majority indicators promise a lucrative market for property investors and buyers.

    Please note that Binningup’s Relative Composite Score (RCS) metric, a comprehensive tool developed by HtAG Analytics, simplifying the analysis by utilising over 80 metrics, can immensely help in automating your research. Always keep tracking the recurring trends for an informed decision.

    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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