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Edgewater, WA 6027

Home » WA Real Estate Data » City of Joondalup, WA » Edgewater, WA 6027

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 Edgewater, WA 6027 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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Rent 

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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 “Edgewater, WA 6027”

  1. The total adult population (15 years or older) of Edgewater 6027 WA is 3,766, with a median age of 41. Of those, 54.89% are married, 12.64% are divorced or separated, 27.77% are single and 4.83% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,376. The median monthly mortgage repayment for households in this suburb is $1,950 which is 20.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Western Australia, the suburb of EDGEWATER 6027 is home to an estimated 2015 households, offering a rich melting pot of opportunities for property investors and homebuyers alike. As we roll into the third quarter of 2023, the typical price for houses here stands at $679,198, presenting an attractive price point for potential investors.

    Propelled by a median weekly rent at $546, the area yields an indicative return of 4.18% for savvy property investors. This rate is significantly above the market requirement of a minimum 3% cashflow, highlighting the potential profitability of investing in this locality.

    Investors will also appreciate EDGEWATER 6027’s impressive IRSAD score of 1041 out of a possible 1217, indicating an area inhabited by residents with a strong socio-economic status.

    The suburb’s renter to owner ratio is pleasingly low at 16%, well below the 30% threshold suggested for a robust property investment environment. This suggests a higher prevalence of long-term residents contributing to a steady neighbourhood demographic. On top of this, a low units to houses ratio of 1% further strengthens the area’s appeal, reflecting a property landscape possibly less saturated by short-term rentals and more by families seeking stability.

    In terms of affordability, EDGEWATER 6027 holds its own with an affordability index of 28 years. This falls comfortably below the average 30-year mortgage term and suggests relative affordability in property acquisition, an attractive feature for prospective buyers.

    When observing supply metrics, the stock on market Percentage for houses is a favourable 0.26%, well below the upper threshold of 1.3%. Similarly, the inventory level for houses is remarkably low at 0.73 months, hinting at a rapid absorption of new listings into the market.

    Keeping the promise of moderate future growth alive, the building approvals Ratio for houses stands at an encouragingly low 0.11%, demonstrating a measured approach to the infusion of new properties into the market. Meanwhile, the days on market averages at 79 days, reflecting a reasonably high demand for properties in this suburb.

    By all counts, the outlook for EDGEWATER 6027 appears promising, owing to a respectable overall vacancy rate of 0.62% for both houses and units. The Buy Search Index, perched at 3, could be better, yet coupled with other favourable metrics, paints a comfortable overall picture.

    Indeed, EDGEWATER 6027 evident in these metrics, suggests a compelling argument for the property investor of today. Though these data points are valuable, it’s always ideal to engage with tools such as the advanced RCS (Relative Composite Score) developed by HtAG Analytics to further automate and refine investment decision-making processes.

    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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