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Kinross, 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 Kinross, 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Kinross, WA 6028”

  1. The total adult population (15 years or older) of Kinross 6028 WA is 5,602, with a median age of 38. Of those, 53.77% are married, 9.82% are divorced or separated, 33.31% are single and 3.03% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,680. The median monthly mortgage repayment for households in this suburb is $1,907 which is 19.70% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heart of Western Australia lies the suburb of Kinross, post code 6028. Home to approximately 2,600 households, this area serves as an attractive residential hub. As we delve into Q3 of 2023, the typical prices for houses in Kinross are experienced a median price point of around $656,355. Meanwhile, the median weekly rent sits comfortably at $583, contributing to an appealing indicative yield of 4.62%.

    Kinross flaunts a promising IRSAD score of 1031 out of a possible 1217, reflecting a relatively high socio-economic status. This is a good indicator of the area’s access to financial resources, indicating an above-average income level and a good extent of skilled professions.

    The suburb presents an alluring allure for property investors with a renter to owner ratio at a mere 16%. This not only promotes a higher return in the long run but reduces risk due to less competition with other property investors. Moreover, the units-to-houses ratio of 2% indicates lower competition among landlords for tenants, which helps to maintain higher rental yields.

    Affordability is a key highlight of Kinross. The index tilts in favour of buyers, only needing an estimated 27 years to fully own a house – this is below the average standard of a 30-year mortgage.

    As one delves deeper into the supply metrics, it’s evident that the market is far from being saturated. The stock on market percentage for houses is just 0.4%, which is within the favourable low supply zone. Accompanying this is an inventory level of a mere 1.05 months, further backing the low supply impression. On top of that, the building approval ratio is quite low at 0.24%, indicating a low influx of new properties into the market.

    The demand metrics of Kinross are favourable too. The average number of days houses stay on the market is 31. This is a significantly short period, revealing a high demand for properties. The vacancy rate, covering both houses and units, is a slim 1.17%, hinting at a tight market with low supply. However, it’s noteworthy that the buy search index for houses sits at 3, suggesting a somewhat neutral demand.

    Despite some metrics falling into the neutral range, the presence of a wealth of favourable parameters makes Kinross an attractive real estate investment prospect. Keeping close tabs on such promising suburbs using tools like the RCS developed by HtAG Analytics, which utilises over 80 metrics, is key to making wise property investment decisions.

    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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