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Bilingurr, WA 6725

Home » WA Real Estate Data » Shire of Broome, WA » Bilingurr, WA 6725

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 Bilingurr, WA 6725 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.

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Buy 

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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 “Bilingurr, WA 6725”

  1. The total adult population (15 years or older) of Bilingurr 6725 WA is 1,123, with a median age of 32. Of those, 35.17% are married, 11.67% are divorced or separated, 51.02% are single and 2.40% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $11,388. The median monthly mortgage repayment for households in this suburb is $2,403 which is 21.10% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bilingurr, located in Western Australia (postcode 6725), is known for its relaxed and friendly community vibe. Home to approximately 744 households, this area offers a balanced blend of residential living and accessible amenities.

    As we delve into the Q3 2023 statistics, a deeper perception of Bilingurr’s property market presents itself. The typical house price in this suburb is averaging at $659,240. Furthermore, the median weekly rent stands at an attractive $835. This rental outcome, combined with the current property prices, positions the indicative yield at a robust 6.59%. This surpasses the minimum market requirement of 3% yield, shaping Bilingurr as a strong contender for cashflow-centred property investors.

    Given the socio-economic conditions, Bilingurr touts an impressive IRSAD score 1048, nearing the top end of the range at 1217. This signifies a population with relatively high access to economic resources and generally healthier income levels — a favourable condition for stable rental payment and property maintenance.

    The suburb’s renter to owner ratio of 50% sits on the higher end of the scale. Future investors need to weigh this aspect, as high competition among landlords potentially affects long-term rental return.

    The units-to-houses ratio is a reassuring 4%, indicating a market largely dominated by houses. This type of market structure is often expected to have less competition among landlords and attracts family tenants, often leading to longer tenancy periods.

    Regarding affordability, the index suggests that it would take approximately 23 years to fully own a property here, which is below the standard 30-year-mortgage premise, and thus portrays Bilingurr as an affordable market for potential investors.

    In terms of supply, a stock on market Percentage of 0.58% falls within the neutral territory. Similarly, the inventory Level is at a favourable 1.33 months, reflecting a robust market that can absorb new listings.

    The building approvals Ratio for houses is standing at 2.04%. This indicates some buzz in residential building activity, potentially signalling expanded housing supply in the not-so-distant future.

    However, these houses are staying on the market for a notable duration, with the average days on market stretching to 198. This indicates a relatively low demand that may impact overall investment returns.

    Conversely, the vacancy rate stands at a favourable low of 1.08%, inferring high rental demand associated with desirable opportunities.

    Lastly, the buy search index present at 4, indicating a neutral interest from potential buyers in this neighbourhood.

    To grasp the overall market potential entirely, it’s crucial to not only look into these individual statistics but view them together, appreciating the market’s comprehensive state. Also, remember to keep track of these metrics’ trends over time to stay on top of market conditions. HtAG Analytics’ Relative Composite Score (RCS) can simplify this task by analysing over 80 metrics to provide a compact performance insight of the given property market.

    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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