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Currambine, WA 6028

Home » WA Real Estate Data » City of Joondalup, WA » Currambine, 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 Currambine, 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.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Currambine, WA 6028”

  1. The total adult population (15 years or older) of Currambine 6028 WA is 5,618, with a median age of 40. Of those, 53.06% are married, 11.16% are divorced or separated, 32.73% are single and 3.22% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,824. The median monthly mortgage repayment for households in this suburb is $2,000 which is 20.36% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque suburb of Currambine, 6028, is nestled in the vibrant state of Western Australia and is home to an estimated 2,766 households. As we navigate through Q3 of 2023, the typical selling price for houses in this suburban haven stands at $735,594. Coupled with a median weekly rent of $557, this brings about an indicative yield of 3.94%.

    The socio-economic profile of this area, as reflected in its IRSAD score of 1051 (out of a possible 1217), suggests a community that boasts a favourable economic status. This score denotes high income levels, access to economic resources, and presence of skilled professions, thereby enhancing the locality’s appeal.

    The renter to owner ratio of 22% indicates a balance of home ownership and rental presence in the market. This can diversify the area’s appeal to both the renter and purchaser demography, making this balance an asset to the property landscape of Currambine.

    Exemplifying the suburb’s preference for spacious living, the ratio of units to houses is just 11%. This significantly low figure points to a dominant preference for houses over units, which can serve to enhance Currambine’s appeal to families and long-term tenants.

    Potential homeowners would be heartened by the Affordability Index, which stands at 29 years. This implies that with the prevailing local median family income and interest rates, it is estimated that a standard 30-year mortgage could be paid off in less than 30 years.

    The stock on market Percentage for houses in Currambine is a highly favourable 0.08%, indicating a low supply which can translate to beneficial property price trends. Even more promising is the minimal inventory level (0.23 months), which suggests a rapid turnover of property in the market, therefore hinting at high demand.

    The building approvals Ratio for houses is measured at a modest 0.55%, indicating that the inventory of houses is not expected to drastically increase in the immediate future, thus further increasing the value of houses due to their scarcity.

    Properties in Currambine are also in demand, as indicated by the slightly high average days on market (DoM) of 67 days. This reveals the housing market in this region to be moderately competitive.

    Contributing to the robust property market condition, the vacancy rate (for both units and houses combined) stands at a low 0.84%, signifying high occupancy rates. Lastly, the Buy Search Index, which is 5 for houses, indicates a healthy level of interest from potential buyers.

    Overall, Currambine presents a favourable environment for investment, assisted by a low supply, high demand spectrum. Nonetheless, the importance of keeping an eye on market trends and developments cannot be overstated, as they have a crucial impact on securing optimum real estate investments. The RCS metric developed by HtAG Analytics is a handy tool for this, designed to automate the constant research effort required by utilising over 80 metrics.

    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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