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Bakers Hill, WA 6562

Home » WA Real Estate Data » Shire of Northam, WA » Bakers Hill, WA 6562

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 Bakers Hill, WA 6562 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

2BR

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Rent 

1BR

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Yield 

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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 “Bakers Hill, WA 6562”

  1. The total adult population (15 years or older) of Bakers Hill 6562 WA is 1,023, with a median age of 44. Of those, 49.95% are married, 14.76% are divorced or separated, 31.48% are single and 3.91% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $6,804. The median monthly mortgage repayment for households in this suburb is $1,800 which is 26.46% of their earnings.

    Source: ABS Census Data (2021)

  2. The Suburb of Bakers Hill 6562, situated in Western Australia, comprises a small community with about 585 households. As we analyse the local property market insights for Q3 of 2023, the typical house prices were observed at $518,006. A median weekly rent of $361 translates to an attractive indicative yield of 3.62%, triumphantly above the minimum favourable yield of 3%.

    The IRSAD score within Bakers Hill is pleasing at 963 out of 1217, signalling a modest socio-economic status where residents enjoy a comfortable standard of living. The suburb boasts a low renter to owner ratio of 9%, an advantage point for property investors as it reveals potentially higher returns and less risk over the long term, due to the below average competition among investors.

    There is a subtle charm to the family-friendly market of Bakers Hill, owing to a units to houses ratio of 0%. This narrows the competition among landlords for tenants, maintaining higher rental yields while also offering a neighbourhood appeal for potential families seeking for longer tenancy periods.

    The affordability index is perfectly positioned at 30 years, a metric that only reinforces the potential for high value for money within Bakers Hill’s property market as it sits at the favourable threshold of affordability.

    Studying the supply metrics, we observe a low stock on market Percentage for houses at 0.17% and an inventory level of 0.55 months, both indicators representing a favourable low supply, creating an optimal environment for prospective investments in the area, with the potential for capital appreciation. Interestingly, the building approvals Ratio for houses stands at 0%, indicating no risk of oversupply from new developments.

    The property market in Bakers Hill is growing in favourability, evident with the low days on market for houses, recording an average of just 20 days. Nonetheless, the Vacancy Rate, which combines both houses and units, is slightly above the favourable limit at 3.92%, a metric worth watching.

    Lastly, the buy search index for houses is highly promising at 6, demonstrating an above average interest and demand from buyers, further reinforcing Bakers Hill as a prime location in WA for potential future gains for property investors.

    In summary with a strong majority of favourable property market metrics, Bakers Hill presents as a well-balanced and rewarding investment opportunity for property investors. With the help of HtAG Analytics and our Relative Composite Score (RCS), you can automate the above research and keep up to date with real-time data and trends for Bakers Hill and other markets.

    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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