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Yarloop, WA 6218

Home » WA Real Estate Data » Shire of Harvey, WA » Yarloop, WA 6218

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 Yarloop, WA 6218 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.

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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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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 “Yarloop, WA 6218”

  1. The total adult population (15 years or older) of Yarloop 6218 WA is 434, with a median age of 44. Of those, 45.85% are married, 15.90% are divorced or separated, 32.03% are single and 5.07% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,924. The median monthly mortgage repayment for households in this suburb is $1,587 which is 26.79% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the boundaries of Western Australia, the charming suburb of Yarloop (postcode 6218) is an alluring residential community playing host to approximately 457 households. As we migrate into the third quarter of 2023, analysis indicates distinct patterns within the property market encapsulating this region.

    Typical prices for houses within Yarloop 6218 sit modestly at $341,179, promising buyers and investors a reasonable entry point into the market. Tenants, meanwhile, can expect a median weekly rent of $330, which, when cross-referenced with the purchase price, yields property investors a healthy return of approximately 5.03%.

    The socio-economic atmosphere within the suburb is moderately favourable, with an IRSAD score coming in at 876 out of the possible 1217, revealing a reasonable level of economic prosperity within the community.

    Yarloop maintains a renter to owner ratio of 28%, a relatively attractive figure for property investors, aligning below the threshold of 30% that suggests long term stability and minimises competitive pressure. Significantly, the entirety of the housing market within Yarloop consists of detached houses, with the units to houses ratio standing at 0% providing an indicator of decreased landlord competition.

    On the affordability spectrum, Yarloop rides high with an affordability index of 23 years, a figure that outlines the ease in which residents in the area can transition from renters to homeowners as compared to higher indexed locales.

    In terms of supply metrics, the stock on market percentage for houses hedges quite low at a mere 0.22%, suggesting a limited supply potentially benefiting sellers. This idea is reinforced by an inventory level of 2.0 months, indicating a rapid turnover of dwellings reducing the time homes remain unoccupied.

    The favourable conditions continue with a building approvals Ratio for houses recorded at a slow 0.22%, implying a slower influx of new dwellings, again favouring the seller’s market. With an average days on market for houses recorded at a swift 24 days, quick sales are the current norm, reflecting a high demand.

    The Vacancy Rate, measuring across combined housing types, is set at 3.0%, sitting within the neutral range, indicating a stable market with resilient tenant demand. The suburb attracts a decent level of buyer interest, with the buy search index for houses recorded at 4.

    Summarily, Yarloop’s property market pivots towards sellers with fast turnover and low supply. While some metrics remain within the neutral ranges, the overall market leans favourably for investors looking to derive strong rental yield and for owners planning to sell. It’s recommended to keep an eye out on this market, tracking the metrics and trend movements to make the best-informed decision in your property investment journey.

    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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