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West Beach, WA 6450

Home » WA Real Estate Data » Shire of Esperance, WA » West Beach, WA 6450

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 Beach, WA 6450 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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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 Beach, WA 6450”

  1. The total adult population (15 years or older) of West Beach 6450 WA is 1,204, with a median age of 44. Of those, 53.90% are married, 9.55% are divorced or separated, 31.81% are single and 4.49% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,496. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.25% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of West Beach, postcode 6450, is located in Western Australia and currently hosts an estimated 940 households. As of the third quarter of 2023, the typical price for houses in this coastal enclave is pegged at $671,360. Houses in West Beach are rented at a median rate of $428 per week, delivering an indicative yield of 3.32%, comfortably above the 3% market requirement attractive for cash flow-focused property investors.

    When it comes to the socio-economic health of the area, West Beach scores 1035 out of a maximum of 1217 on the IRSAD Metric, suggesting the population in the area is enjoying a relatively high level of economic resources and a high income level. These are indicators of an economically stable and attractive investment location.

    The renter to owner ratio in West Beach is 23%. This figure is comfortably below the cautionary level of 30%, thus making it a favourable locale for property investors. Similarly, the units to houses ratio is incredibly low at 4%, a nod to the suburban family lifestyle, reducing competition among landlords and enhancing rental yields.

    Affordability is another critical factor for property investors. With an affordability index score of 28 years, West Beach sits below the 30-year standard, highlighting the relative affordability of properties in the area.

    The supply metrics provide a balanced perspective for investors. The stock on market percentage for houses is a lean 0.43%, indicating a favourable low supply. inventory levels register at just 1.78 months, again favourable for investors due to their implication of a swift absorption rate.

    In terms of building approvals, the ratio for houses is currently at 0.0%, indicating no new supply entering the market in the near future.

    However, the suburb does present some challenges; the average number of days houses stay on the market is a more drawn-out 114 days, suggesting demand could be higher. The buy search index also sits at 3, indicating limited demand.

    Rounding off this property snapshot is the vacancy rate. Here, West Beach beautifully delivers with a vacancy rate of a mere 0.46%, signalling high demand with little supply, a dream for property investors.

    Although not all metrics are favourable, the overall balance and the majority are well-suited for property investors. Like any well-informed decision, keeping an eye on the trend is crucial because context matters when interpreting figures.

    For those wishing to simplify the process, HtAG Analytics offers a Relative Composite Score (RCS) metric that combines a variety of these statistics for an at-a-glance picture of a suburb’s property investment potential. The intricacies and complex layers of the property market could be made simpler and clearer with this tool.

    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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