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Bovell, WA 6280

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 Bovell, WA 6280 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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5BR

Buy 

1BR

2BR

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Rent 

1BR

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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 “Bovell, WA 6280”

  1. The total adult population (15 years or older) of Bovell 6280 WA is 378, with a median age of 46. Of those, 67.99% are married, 6.88% are divorced or separated, 21.96% are single and 3.70% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,412. The median monthly mortgage repayment for households in this suburb is $1,950 which is 20.72% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in Western Australia, the suburb of Bovell 6280 is home to an estimated 190 households. As of the third quarter of 2023, the average house price within Bovell 6280 is noted at $1,125,800. This, coupled with a median weekly rent of $701, provides an indicative yield of 3.24% – a figure that edges over the minimum attractive market requirement for investors focused on cash flow.

    The locality boasts an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 1049 out of a possible 1217. This score indicates an impressive socio-economic status among the residents, reflecting positive conditions that go well beyond the average.

    Bovell showcases a favourable renter to owner ratio of 5%, reflecting a community dominated by homeowners rather than renters. This is generally considered more favourable in property investing, as markets oversaturated with rental properties may yield lower returns in the long term and are subject to a higher level of risk and competition among investors.

    Adding further appeal, Bovell exhibits an extremely low units to houses ratio, making it a promising investment location. Just 1% of dwellings here are units with the remaining 99% being houses. This low ratio reduces rental competition and also paints the image of a stable neighborhood geared more towards families, which typically correlates with longer tenancy periods.

    Despite these positive attributes, it’s important to note there are some challenges Bovell investors may have to contend with. Firstly, the affordability in the area is relatively lower as the years to own metric stands at high 47 years, indicating that purchasing a property in this suburb requires a substantially longer commitment than the standard 30-year mortgage term.

    Secondly, the supply metric — stock on market Percentage — for houses in Bovell sits at 0.53%, making it a neutral market from a supply perspective. Adding to the neutral position, the suburb’s inventory level is at 3.0 months, leading to a cautionary outlook for property demand.

    Potentially indicative of a possible market oversupply, the building approvals Ratio for houses sits at an increased level of 5.26% – which might lead to downward pressure on property prices in the future.

    Houses for sale within Bovell 6280 remain listed on the market for an average of 38 days, positioning it within the higher end of the demand bracket. While this may suggest high demand, it’s worth noting that the Vacancy Rate, accounting for both houses and units, is remarkably high at 11.11% – a flag for low demand and a potential deterrent for property investors seeking a steady rental income.

    Finally, the buy search index for Bovell houses stands at 3. This suggests a limitation in demand for buying properties in the suburb, further emphasising some areas of caution for potential property investors.

    Still, it’s essential to remember that multifaceted measures are vital in a thorough property market analysis and investment decision-making. Factors such as the area’s socio-economic status, U/H ratio, and renter to owner make-up play a critical role and add balance to some of the challenges present in Bovell’s market.

    Looking to streamline this process? Consider HtAG Analytics’ RCS (Relative Composite Score) metric, which simplifies and automates your property market analysis by using over 80 unique metrics.

    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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