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Geographe, WA 6280

Home » WA Real Estate Data » City of Busselton, WA » Geographe, 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 Geographe, 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.

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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 “Geographe, WA 6280”

  1. The total adult population (15 years or older) of Geographe 6280 WA is 3,081, with a median age of 50. Of those, 51.77% are married, 13.34% are divorced or separated, 29.83% are single and 5.36% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,592. The median monthly mortgage repayment for households in this suburb is $1,733 which is 26.29% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Geographe, with the postal code 6280, is located in Western Australia and is home to an estimated 2,266 households. As we moved into Q3 of 2023, the market showed that typical house prices in this appealing suburb were around $765,217. With a median weekly rent of $563, this equates to an attractive indicative yield of 3.83% for potential investors, outperforming the base requirement of 3% yield for cashflow-focused property investments.

    A closer look at the Geographe 6280 socio-economics revealed an IRSAD score of 958 out of a possible 1,217. This suggests the suburb has a strong socioeconomic status with a spectrum of income and job types being represented.

    The renter to owner ratio here is at a favourable 28%, indicating a lower saturation of rental properties which in turn, may present more stable and higher returns in the long term. Investors will also appreciate the unit to house ratio sitting at a mere 3% which suggests less competition among landlords for tenants and can potentially help maintain higher rental yields considering units tend to oversaturate the rental market.

    It’s also worth noting that the Affordability Index, or the ‘Years to Own’ metric shows it would take approximately 45 years to fully own a property in this area, based on current interest rates, median family income and typical property prices. This is slightly higher than desired, but can be balanced with other positive metrics.

    As far as housing supply metrics are concerned, the stock on market Percentage for houses is 0.92%, which is within the neutral range, while the inventory Level for houses is at 3.68 months; again neutral but leaning towards a favourable low supply market. Further encouraging for property investors is the building approvals Ratio at a mere 0.19%, indicating low incoming supply.

    The robust demand for houses in Geographe 6280 is illustrated by the average of just 27 days on market alongside a low vacancy rate of 1.07%, implying high demand and low supply scenario. Complementing this are online searches showing a buy search index of 5, positioning it at the state/city average.

    The RCS (Relative Composite Score) further refines these observations by integrating data from over 80 metrics to automate the property market research, leading to more informed and confident investment decisions.

    In summary, while there are areas for improvement such as the Affordability Index, Geographe 6280’s property market stands solid with the majority of the metrics falling within an appealing range, making it a worthy candidate for property investors and home buyers alike.

    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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