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West Leederville, WA 6007

Home » WA Real Estate Data » Town of Cambridge, WA » West Leederville, WA 6007

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 West Leederville, WA 6007 located in Perth 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.

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Buy 

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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 “West Leederville, WA 6007”

  1. The total adult population (15 years or older) of West Leederville 6007 WA is 3,684, with a median age of 38. Of those, 41.31% are married, 11.70% are divorced or separated, 42.62% are single and 4.21% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $13,552. The median monthly mortgage repayment for households in this suburb is $2,276 which is 16.79% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the heartland of Western Australia, WEST LEEDERVILLE 6007 is a vibrant suburb, boasting an estimated 2740 households. As we examined the property market for the third quarter of 2023, typical house prices in West Leederville were found to be $1,579,336 with the median weekly rent pricing at $829. This leads to an indicative yield of 2.73%, slightly below the threshold of 3% that some cashflow-focused property investors may seek.

    The suburb garners a relatively high IRSAD score of 1130 out of 1217, signalling a strong socio-economic status for the area. However, it’s notable that the renter to owner ratio is at 37%, slightly exceeding the preferred 30% for optimising the long-term returns of property investments. Meanwhile, the units to houses ratio of 40% sits within the favourable range, implying less competition between landlords for potential tenants and thereby maintaining high rental yields.

    On the affordability front, it could be a little challenging to those aspiring to fully own a property in this suburb. The affordability index stands at 46 years, exceeding the typical 30-year mortgage period. This suggests a reduced level of affordability within the suburb.

    From a supply perspective, West Leederville presents a favourable setting as the stock on market Percentage for houses is relatively low at 0.24%. The inventory level also stands at a low of 0.84 months, suggesting efficient absorption of new listings into the market. Additionally, the building approvals Ratio for houses is at a low of 0.24%, signaling a controlled supply of new dwellings.

    Demand indicators echo a similar message. The days on market for houses is quite moderate at 89 days, just shy of the 90 days marker that would otherwise indicate a low demand rate. Furthermore, the combined houses and units vacancy rate of 0.79% adds up to the favourable market conditions as it suggests high demand due to low vacancies. Finally, the buy search index for houses aligns with the state average at 5, pointing towards a consistently interested market.

    Overall, the market statistics reveal West Leederville could offer lucrative opportunities for savvy property investors. However, the relatively high renter to owner ratio, and the slightly less than desirable yield, alongside a higher affordability index, may need to be carefully assessed against the individual investor’s strategies and goals. Like always, it’s important to stay informed about these evolving market conditions for smart, data-driven decision making.

    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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