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Mahomets Flats, WA 6530

Home » WA Real Estate Data » City of Greater Geraldton, WA » Mahomets Flats, WA 6530

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 Mahomets Flats, WA 6530 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 “Mahomets Flats, WA 6530”

  1. The total adult population (15 years or older) of Mahomets Flats 6530 WA is 659, with a median age of 41. Of those, 41.27% are married, 14.57% are divorced or separated, 39.30% are single and 5.16% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $8,436. The median monthly mortgage repayment for households in this suburb is $1,300 which is 15.41% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Western Australia, the suburb of Mahomets Flats 6530 is a thriving residential area with approximately 492 households. As per the Q3 2023 data, the typical house prices in Mahomets Flats touch $317,099, backed by a median weekly rent of $351. The resulting indicative yield of 5.76% appears lucrative, indicating favourable cash-flow conditions for property investors interested in a steady income stream.

    The socio-economic scoring presents an IRSAD score of 917 out of 1217, implying a relatively good socio-economic status of the local residents. Consisting of a somewhat balanced renter to owner ratio of 38%, an investor might face moderate competition in the rental market here; however, it remains relatively profitable.

    Mahomets Flats showcases a low level of units saturation with a ratio of 21% units to houses, which indicates less competition between landlords for tenancy and furthermore, points to a stable rental yields environment. On the affordability forefront, this suburb fares well, with an affordability index of 15 years, indicating that residents in this area typically can fully own a property much faster than in many parts of Australia.

    Delineating the supply metrics, Mahomets Flats reveals a stock on market Percentage of just 0.35% and an inventory Level of 0.75 months for houses. These figures align with the favourable belt, indicating a low supply that can potentially elevate prices in the near future. Furthermore, the building approvals Ratio for houses stands at 0%, signalling no upcoming surge in the housing supply.

    Examining the demand metrics, the days on market for houses is 250. Though a bit high which points to a slower market, with a low vacancy rate at 0.53% and a reasonable buy search index of 4, the suburb does show promising trends of maintaining a stable demand.

    In conclusion, while Mahomets Flats may indicate a few metrics in the slower range, the compelling yield rate, demand-supply balance, and favourable socio-economic status present favourable trends for potential investors. As the dynamics of the property market continuously evolve, using tools like the RCS (Relative Composite Score) by HtAG Analytics might uncover high return properties in the area.

    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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