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Broadwood, WA 6430

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 Broadwood, WA 6430 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

3BR

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 “Broadwood, WA 6430”

  1. The total adult population (15 years or older) of Broadwood 6430 WA is 543, with a median age of 34. Of those, 58.93% are married, 7.73% are divorced or separated, 32.60% are single and 1.29% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $14,096. The median monthly mortgage repayment for households in this suburb is $2,200 which is 15.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Broadwood 6430 is home to a relatively small community with an estimate of 427 households. Examining the property market for Q3 2023, the typical house prices in Broadwood are marked at $657,433. Accompanied by a median weekly rent of $690, this results in an impressively robust indicative yield of 5.46%, well above the minimum attractive market requirement for investors looking for cashflow-centric property opportunities.

    Broadwood’s socio-economic status, as reflected in its Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score, is fairly high at 1084 out of 1217. This optimal score indicates better social and economic conditions. The suburb has a favourable renter to owner ratio of 23%, below the 30% threshold, reflecting a lesser risk of oversaturation.

    Interestingly, Broadwood presents a scenario of no competition among landlords induced by unit rentals as the residents predominantly live in houses; the units to houses ratio being 0%. These conditions often tend to attract more families, leading to longer tenancy periods.

    The affordability index for houses in Broadwood stands at 30 years, implicating a balanced affordability scenario on the local housing market. This is within the acceptable range of the standard 30-year mortgage term.

    The suburb’s stock on market (SoM) percentage for houses stands at 0.7%, indicating a stabilised supply. The inventory level, an indicator of the market’s absorption capacity, is a comfortable 2.12 months. However, the Building Approval (BA) ratio is slightly above the desired range at 2.34%, alerting to a possible future increase in housing supply.

    With houses spending an average of 100 days on market (DoM), demand might be perceived as low. But with a moderate vacancy rate of 2.06%–a balance between high and low–Broadwood has room for new tenants. Also, the buy search index for houses sits at 4, pointing to a neutral level of demand.

    Despite certain metrics appearing less favourable such as the BA ratio and DoM, the Broadwood property market boasts many positive attributes including a high IRSAD score, a-low-units-to-houses ratio, and an attractive yield margin. These features coupled with HtAG’s Relative Composite Score (RCS) metric would provide a comprehensive understanding of the market for potential investors. Remember, the trend is equally important to the numbers, so always keep a close eye on the market shifts and movements!

    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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