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West Lamington, 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 West Lamington, 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 “West Lamington, WA 6430”

  1. The total adult population (15 years or older) of West Lamington 6430 WA is 1,025, with a median age of 34. Of those, 46.34% are married, 9.95% are divorced or separated, 40.68% are single and 3.32% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $11,848. The median monthly mortgage repayment for households in this suburb is $1,733 which is 14.63% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of WEST LAMINGTON 6430 is home to an estimated 638 households. By Q3 of 2023, typical house prices in WEST LAMINGTON are around $360,731 with a median weekly rent at $560. This brackets an impressive indicative yield of 8.07%, a figure that vastly exceeds the minimum 3% attractability threshold for cashflow-centred property investors.

    Socio-economically, this suburb is quite robust, boasting an IRSAD score of 1001 out of a possible 1217. This implies a relative affluence in the area, with a significant proportion of the population enjoying access to economic resources and likely working in skilled professions. That said, it’s noteworthy to mention that the renter to owner ratio is a moderate 36%, still within the favourable range but leaning closer to a market densely populated by renters. This could mean competition among property investors but could also indicate a healthy rental market.

    A promising feature of the WEST LAMINGTON property scene is the units to houses ratio. A meagre 4% nudges this mark favourably towards an abundance of houses over units, which typically attracts families and provides the opportunity for longer and steadier tenancy periods.

    Further solidifying WEST LAMINGTON’s attractiveness as a property investment location is its affordability index which stands at 12 years, a mark substantially below the 30-year standard, beckoning to an accessible market for typical families.

    Supply-wise, the stock on the market for houses is modestly favourable at 0.69%, maintaining a modest balance between over-supply and acute scarcity. The inventory level also leans towards the favourable end with a 1.6-month period. However, one may not anticipate a surge in supply for new houses since the building approvals Ratio is at 0.0%.

    Demand measures show different sides of the story. The days on market for houses is quite high at 123 days, hinting at a slightly lower demand. However, a vacancy rate of just 0.87% and a buy search index for houses at an average 5, underscore some demand in the rental market and decent interest from potential buyers.

    The WEST LAMINGTON 6430 market does possess certain marks that sit outside the optimal range. Yet, the overarching treatment of all metrics places this suburb as an attractive property investment location. Investors would certainly find value in the HtAG’s RCS metric for a more comprehensive, automated insight into the market’s potential.

    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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