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Waggrakine, 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 Waggrakine, 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

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 “Waggrakine, WA 6530”

  1. The total adult population (15 years or older) of Waggrakine 6530 WA is 2,048, with a median age of 36. Of those, 44.34% are married, 11.23% are divorced or separated, 40.14% are single and 4.20% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,760. The median monthly mortgage repayment for households in this suburb is $1,540 which is 19.85% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Waggrakine in Western Australia, identified by the postcode 6530, is a property market estimated to encompass approximately 1131 households.

    As we delve into the Q3 property data of 2023, typical house prices in the Waggrakine property market are approximated at $408,927. Meanwhile, the median weekly rent stands at $326. This results in an indicative yield of 4.15%, surpassing the 3% market threshold and making Waggrakine an attractive option for investors with a focus on cash flow.

    The IRSAD score, a key determinant of the socio-economic status of a locality, sits at 927 out of a potential 1217, suggesting a strong socio-economic position. This could point to a neighbourhood housing residents with good income levels, stable employment, and access to economic resources.

    Waggrakine leans towards a balanced market with approximately 23% of its residents being renters, a value that is below the 30% benchmark. This lower renter to owner ratio alludes to a market that is less saturated with rental properties, hence possessing long-term growth prospects. Further, the units to houses ratio currently rests at 0%, indicating a market not overly saturated with units and thus a lesser competition amongst landlords for tenants.

    The affordability index for Waggrakine is calculated at 21 years, falling comfortably below the 30-year mortgage standard. This demonstrates a good level of affordability within the suburb and can contribute positively to property demand.

    Analysing supply-related metrics, the stock on market Percentage for houses is at a neutral 0.53%, whilst the inventory Level stands at an impressive 1.22 months, indicating a rapidly absorbing market for new listings. Moreover, the building approvals Ratio is 0.53%, suggesting a moderate level of construction activity.

    From a demand perspective, the average days on market is somewhat high at 181 days. This could indicate a cooler market with lower demand although the notably low vacancy rate of 0.39% contradicts this, pointing towards a high demand and limited availability of rental properties. Lastly, the buy search index is at 4, indicating a satisfactory level of interest from potential buyers, although it’s slightly below the state average.

    While some individual metrics may fall outside favourable ranges, the overall picture painted by this data is positive. It’s a reminder of the importance of comprehensive research, best automated via analytics like the HtAG Analytics’ Relative Composite Score (RCS) which utilises an extensive range of over 80 metrics.

    Above all, property investment decisions must be data-driven and supported by a deep understanding of the metrics and the prevailing market trends. Stay educated, stay updated, and let the numbers guide your path towards successful property investment.

    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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