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Woodvale, WA 6026

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 Woodvale, WA 6026 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 

1BR

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Rent 

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Yield 

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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 “Woodvale, WA 6026”

  1. The total adult population (15 years or older) of Woodvale 6026 WA is 7,851, with a median age of 43. Of those, 59.16% are married, 8.84% are divorced or separated, 28.00% are single and 4.00% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $10,612. The median monthly mortgage repayment for households in this suburb is $2,167 which is 20.42% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Woodvale, postcode 6026, is nestled within the state of Western Australia and hosts approximately 3845 households. As we entered the third quarter of 2023, the typical house price in Woodvale is at $815,907 with a median weekly rent of $626. This culminates in an attractive indicative yield of almost 4%, ticking the box on the key requirement for cashflow-focused property investors.

    Woodvale proudly boasts an IRSAD score of 1070 out of a possible 1217, suggesting that the suburb’s backbone is made of a population that enjoys a favourable socio-economic standing. In terms of rental dynamic, the renter to owner ratio is at a low 10%, marking high property ownership and a potential long-term return for property investors.

    Additionally, an interesting trait of this suburb is its 0% units to houses ratio; it’s purely a houses market, which is quite appealing from an investment perspective. Units are known to saturate rental markets and a lower proportion of them often warrants less competition for landlords. The absence of units here signifies the potential for better rental yields and higher appeal to families seeking stability and a homely environment.

    On the affordability scale, Woodvale sits at an average position with a 30-year affordability index – indicating a somewhat balanced market for potential property buyers in terms of income, interest rates, and property prices.

    In terms of supply, Woodvale demonstrates a very favourable picture with a stock on market Percentage of just 0.16% and an inventory Level at 0.65 months, considerably below the high-supply threshold. The building approvals Ratio also shows an extremely low figure at 0.08%, hinting at a tight supply in the future.

    The demand side paints a slightly varied picture. The days on market for houses hover around 85. Although this is above the high demand threshold, it is well below the extreme low-demand benchmark. Meanwhile, the vacancy rate sits at a neutral 1.36%: not too low to drive up rental prices abruptly, not too high to make it hard to find tenants. The buy search index is a modest 3, indicating neutrality in property search volumes by potential buyers.

    Overall, Woodvale 6026, with its majority of positive metrics, can be considered a suburb worth keeping under property investment radar. However, the best strategy is to keep monitoring changes in property data such as the RCS from HtAG Analytics that provides a more holistic view of the market.

    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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