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Utakarra, 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 Utakarra, 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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Yield 

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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 “Utakarra, WA 6530”

  1. The total adult population (15 years or older) of Utakarra 6530 WA is 1,118, with a median age of 34. Of those, 32.83% are married, 15.30% are divorced or separated, 48.30% are single and 4.20% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $5,844. The median monthly mortgage repayment for households in this suburb is $1,300 which is 22.25% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, Utakarra 6530 is a small suburb with an estimated 825 households. Moving into Q3 of 2023, the typical prices for houses in this area sits at $295,611. Given a median weekly rent of $309, properties generate an attractive indicative yield of 5.44%, well over the minimum 3% market requirement for cash-flow centric property investors.

    The socio-economic standing of Utakarra is fairly balanced, with an IRSAD score of 830 out of 1217, suggesting the residents have a decent access to economic resources and maintain a moderate income level. The suburb also has a renter to owner ratio of 32%, relatively balanced for property investors, however indicating a slightly leaned towards tenants.

    In line with the desirable metric values for property investors, Utakarra has a low units to houses ratio of just 5%, suggesting a lesser competition amongst landlords for tenants and indicating a potential for higher rental yields. The suburb’s affordability index places at a promising 20 years, well below the threshold of 31 years, designating higher levels of affordability for residents.

    From a supply standpoint, the suburb shows a relatively low stock on market Percentage of just 0.51%, indicating favourable market conditions for sellers. inventory levels similarly indicate low supply with 1.2 months of the available stock on market, while the building approvals Ratio stands at 0.0%, showing limited supply influx in the near future.

    For the demand side indicators, the suburb has average days on the market for houses at 51, suggesting a moderate demand. The vacancy rate, which combines both houses and units, sits at a favourable 1.52%, hinting at high demand due to lower available dwellings.

    The online interest from potential buyers in Utakarra is somewhat neutral with a buy search index at 4, suggesting that the interest is in line with the state average.

    While some metrics for Utakarra are in the neutral ranges, the majority of them, specifically yield, IRSAD Score and supply metrics, prove favourable. This implies that Utakarra could be considered an appealing market for property investors who prioritise cash flow and capital growth.

    Investors are advised to closely monitor the real estate data in such promising suburbs to stay abreast of any potential opportunities for capital gains and positive cash flows. Keep in mind that not only the metric values but also their trends are important, and various platforms or property market commentary can assist you in understanding these. Moreover, a comprehensive solution like HtAG Analytics’ Relative Composite Score (RCS) can automate most of this research by analysing a variety of over 80 metrics for you.

    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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