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Drummond Cove, WA 6532

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 Drummond Cove, WA 6532 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

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Rent 

2BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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 “Drummond Cove, WA 6532”

  1. The total adult population (15 years or older) of Drummond Cove 6532 WA is 1,213, with a median age of 33. Of those, 51.28% are married, 10.22% are divorced or separated, 35.53% are single and 2.72% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,520. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the versatile region of Western Australia, the picturesque suburb of Drummond Cove 6532 boasts approximately 900 households. Stepping into Q3 2023, we observe an intriguing real estate landscape. Average prices of houses in this seaside suburb stand at $475,087, which – complemented by the average weekly rent of $482 – delivers an attractive indicative yield of 5.28%.

    With an IRSAD score of 1012 out of 1217, Drummond Cove 6532 demonstrates a favourable socio-economic climate. This score implies a healthy acquisition of economic resources, relatively high income levels, and residents engaged in skilled professions. The suburb hits the commendable sweet spot with a renter to owner ratio of 28%, which bodes well for property investors seeking a balance between owner-occupiers and renters.

    The unit to house ratio in Drummond Cove stands starkly at 0%, suggesting that the market is predominantly composed of houses. This can be construed as good news for those targeting long-term, stable tenants, as areas with a greater proportion of houses usually attract long-term renters like families.

    With respect to its affordability index, the region stands comfortably at 20 years, inferring a high rate of property ownership affordability. For investors and potential homeowners, this is a persuasive metric that drums up considerable appeal for this locale.

    The suburb’s real estate supply metrics shape up favourably as well. With a meagre stock on market percentage of 0.22% and an optimally low inventory level clocking at 0.51 months, Drummond Cove ascertains a highly favourable market supply state. Furthermore, the building approval ratio stagnates at zero, safeguarding against an influx of new properties onto the market and thereby maintaining the balance of supply and demand.

    Regarding the demand metrics, the average days on market sit at a minimal 5, indicating a high demand within the local property market. The vacancy rate, which amalgamates both houses and units, measures a moderately favourable 1.59%. With a buy search index for houses at 3, Drummond Cove is slowly drawing greater investors’ interest.

    Offering a positive market potential fortified by favourable metrics and trends, Drummond Cove 6532 could be a worthy consideration for savvy property investors or buyers looking for a balanced Australian suburb to invest in. However, we recommend keeping an eye on the RCS (Relative Composite Score), which affords a comprehensive research automation basing on over 80 metrics. Monitoring these developments alongside other market metrics can guide you through any potential fluctuations, thus aiding in making more intuitive and informed real estate investment 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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