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Carnamah, WA 6517

Home » WA Real Estate Data » Carnamah, WA » Carnamah, WA 6517

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 Carnamah, WA 6517 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 “Carnamah, WA 6517”

  1. The total adult population (15 years or older) of Carnamah 6517 WA is 339, with a median age of 43. Of those, 54.57% are married, 17.11% are divorced or separated, 27.43% are single and 1.77% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $7,500. The median monthly mortgage repayment for households in this suburb is $867 which is 11.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Carnamah 6517 is a suburb located in Western Australia and hosts approximately 361 households. Underpinning its appeal to property investors, as of Q3 in 2023, average house prices in Carnamah are valued at AUD 136,618, making it an affordable market with strong potential for property investors.

    Coupling this with a median weekly rent of AUD 165, we see an indicative yield of 6.28%, well-above the minimum 3% market requirement for cashflow-centred property investors, pointing towards strong returns for landlords in this market.

    On the socio-economic front, the suburb boasts an IRSAD score of 961 out of a possible 1217, showcasing a community having a solid access to economic resources and fair income levels.

    Carnamah maintains an attractive renter to owner ratio of 28%, well-under the 30% threshold, suggesting an appealing market for landlords with lesser competition, thereby ensuring a decent rental yield. Furthermore, the units to houses ratio stands at 0%, pointing towards favourable conditions for landlords due to less competition for tenants thanks to the lack of unit oversaturation.

    With an affordability or ‘Years to Own’ index sitting at a brief 7 years, Carnamah emerges as a highly affordable market for property buyers.

    Focusing on supply metrics, Carnamah exhibits a low stock on market Percentage for houses at 0.28%, indicating a favourable low supply setting. Correspondingly, the suburb has a comfortably low inventory level of 2.4 months implying a satisfactory market absorption rate of new listings while its building approvals Ratio for houses is at 0.0%, which further validates a low supply setting.

    In terms of demand, the days on market for houses is somewhat lengthy at 87 days. Similarly, with a vacancy rate of 3.0% (for all dwelling types) and a buy search index sitting at 3, the demand aspect reveals a mix of neutral to slightly sluggish demand conditions.

    Taken together, Carnamah 6517 exhibits a mix of compelling fundamentals underpinned by intriguing supply and demand factors. However, to build a more comprehensive understanding of the market, prospective investors are recommended to keep a close eye on the wider market trend while also utilising resources like the Relative Composite Score offered by HtAG Analytics which amalgamates over 80 metrics into a single index for more accurate investment insights.

    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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