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Burns Beach, WA 6028

Home » WA Real Estate Data » City of Joondalup, WA » Burns Beach, WA 6028

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 Burns Beach, WA 6028 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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Yield 

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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 “Burns Beach, WA 6028”

  1. The total adult population (15 years or older) of Burns Beach 6028 WA is 3,207, with a median age of 40. Of those, 66.32% are married, 5.68% are divorced or separated, 26.38% are single and 1.53% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $13,952. The median monthly mortgage repayment for households in this suburb is $2,890 which is 20.71% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Western Australia, the coastal suburb of Burns Beach 6028 hosts approximately 1527 households. By Q3 2023, houses in this suburb typically hold a price tag of $1,112,860, with a median weekly rent of $870. These figures facilitate an attractive indicative yield of 4.07%, surpassing the minimum market requirement of 3% and appealing to cashflow-focused property investors.

    Especially alluring is the high IRSAD score of 1144 out of a possible 1217, which suggests the population benefits from commendable socio-economic conditions with good access to economic resources. The renter to owner ratio is a low 8%, well below the threshold that would suggest market saturation of rental properties. In fact, there are no units recorded in the suburb, expressed as a units to houses ratio of 0%, meaning there’s no competition amongst landlords for tenants in the context of apartments, flats, studios, and units.

    Bear in mind, with the affordability index for houses recording at 31 years, it does slightly exceed the favourable range of owning a property. This indicates a potential hurdle in affordability for prospective buyers, factoring in variables like typical property prices, median family income, and the current interest rate.

    On the supply side, the stock on market Percentage for houses sits at a neutral 0.72%, indicating a moderate level of unsold stock relative to the total number of dwellings in the area. The inventory level for houses comes in at an appealing low of 2.2 months, suggesting a robust absorption of new listings in the property market. However, with the building approvals Ratio for houses at 2.36%, it does suggest an increased supply of new dwelling stock that could potentially lead to contentious market sentiments.

    When looking at demand metrics, houses remain active for sale on the web for an average of 54 days, which though not in the high demand range, isn’t dangerously close to the low demand threshold either. The vacancy rate, based on both houses and units, stands at a neutral 3.15%. At the same time, the buy search index for houses, a reflection of online property interest, sits at a neutral 5.

    Whilst some metrics such as the affordability index and building approvals Ratio offer a note of caution, the favorable socio-economic score, renter to owner ratio, units to houses ratio and inventory level, coupled with generally neutral supply and demand indicators, suggest Burns Beach 6028, WA, still holds a promising prospect for discerning property investors. As with any property investment, individual metric values and their trending behaviour should continually be under surveillance. Potential investors can also consider harnessing the Relative Composite Score metric by HtAG Analytics, to automate and reinforce their understanding of the market using over 80 variables.

    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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