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Manjimup, WA 6258

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 Manjimup, WA 6258 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 “Manjimup, WA 6258”

  1. The total adult population (15 years or older) of Manjimup 6258 WA is 3,488, with a median age of 42. Of those, 42.03% are married, 13.88% are divorced or separated, 37.10% are single and 6.91% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,372. The median monthly mortgage repayment for households in this suburb is $1,148 which is 18.02% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Manjimup, with the postal code 6258, can be located in the Western Australia and hosts approximately 2,506 households. As we move through Q3 of 2023, typical house prices in the region of Manjimup 6258 have been pegged at around $342,917. The median weekly rent currently stands at $330, which generates an indicative yield of 5.0% that makes it appealing for cash flow centred property investors.

    The socio-economic conditions of the population in the area as measured by the IRSAD score are moderately solid – with a score of 887 out of a possible 1,217. The renter to owner ratio is slightly above the preferable benchmark standing at 34%, but still lower than the 45% threshold which might make the region questionably profitable for investors.

    Property market in Manjimup offers diversity with units accounting for 6% of the housing mix, making it attractive to families and long-term tenants due to a lower competition among landlords for tenants.

    Affordability is a significant attraction in Manjimup property market, with the index for house ownership standing at an impressive 21 years, well below the benchmark of 30 years. This prospective affordability feature is likely to encourage a sustainable demand for properties in the region.

    The stock on market percentage for houses is on the lower end of the spectrum at 0.16%, which should be enticing for a potential investor as it shows a low supply. In fact, the area has an inventory level of 0.63 months for houses, further suggesting a low supply market scenario.

    Interestingly, the building approvals ratio for houses in Manjimup is at 0.0% which might indicate scarcity of new dwellings, providing less competition for existing properties. However, potential investors should be cautious of the 79 days on market for houses, which shows a relatively extended property selling period and can reflect a neutral demand state.

    The vacancy rate combines houses and units and stands at a staggeringly low 0.12%, an indicator of high demand. Despite these favourable indicators, the buy search index for houses stands at 3, showing a fairly modest demand for purchasing property.

    In conclusion, the combination of highly favourable affordability index, low vacancy rate, low supply and the relatively high yield suggests Manjimup as a potentially lucrative investment location, but investors should consider the longer average time on market and modest buying demand. It’s recommended to use an automated tool like RCS to cement these findings taking into account other metrics and market trends.

    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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