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Rangeway, 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 Rangeway, 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 

2BR

3BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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2BR

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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 “Rangeway, WA 6530”

  1. The total adult population (15 years or older) of Rangeway 6530 WA is 1,451, with a median age of 36. Of those, 29.29% are married, 14.40% are divorced or separated, 50.38% are single and 6.00% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $4,576. The median monthly mortgage repayment for households in this suburb is $910 which is 19.89% of their earnings.

    Source: ABS Census Data (2021)

  2. Set within WA, Rangeway 6530 is a suburb housing approximately 1019 households. As Q3 of 2023 unravels, the typical house prices in the area are observed to be around $176,634. The median weekly rent stands at $297, resulting in a remarkably attractive indicative yield of 8.74%.

    Reflecting on socio-economic aspects, Rangeway records an IRSAD score of 779 out of 1217. This portrays a relatively moderate socio-economic status among its residents. The renter to owner ratio within the suburb sits at 36%. While this is slightly over the ideal range, it doesn’t necessarily put a damper on potential investment opportunities, provided other factors are favourable.

    Interestingly, the suburb centres more on houses than units; the units to houses ratio here is as low as 9%. This is a desirable aspect for investors, as a lower ratio often results in less competition among landlords, and lends a neighbourhood appeal that can hold promise for longer tenancy periods and potentially higher rental yields.

    Investors would also find the affordability index of 15 years appealing – a considerably shorter timeframe than the typical 30-year mortgage scenario, hinting at better affordability among residents in Rangeway.

    Turning our attention to supply metrics, the suburb marks a stock on market Percentage of a mere 0.13% for houses, hinting at low supply and potentially higher demand. It’s accompanied by an incredibly low inventory level of 0.23 months, further underlying potential scarcities in supply.

    It’s worth noting, however, that despite the low supply, the building approvals Ratio for houses is at 0.0%. This implies there might be minimal incoming supply in the near future.

    Days on Market for houses averages at 92, which is a bit on the higher side. This could be indicative of lower demand or longer negotiation periods. Further, the Vacancy Rate, combined for houses and units, is at a neutral 1.36%. Such vacancy levels suggest neither high nor low demand but rather a balanced state.

    Lastly, the buy search index for houses stands at 4, which translates to a moderate level of interest among potential buyers or renters. Though it’s closer to the lower end of the scale, it doesn’t necessarily reflect poor demand.

    In summary, Rangeway appears to showcase a mixed bag of metrics. While some aspects like high yields and affordability are favourable, others such as days on market and Buy Search Index, hover on the neutral side. Given these conditions, investors are recommended to give careful consideration to these statistics while also staying abreast with the RCS or Relative Composite Score provided by HtAG Analytics for a more comprehensive investment analysis.

    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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