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Nickol, WA 6714

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 Nickol, WA 6714 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 “Nickol, WA 6714”

  1. The total adult population (15 years or older) of Nickol 6714 WA is 3,451, with a median age of 31. Of those, 49.72% are married, 9.39% are divorced or separated, 40.10% are single and 0.99% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $15,664. The median monthly mortgage repayment for households in this suburb is $2,021 which is 12.90% of their earnings.

    Source: ABS Census Data (2021)

  2. The Western Australian suburb of Nickol, bearing the postcode 6714, is home to an estimated 2,199 households. As we head into the third quarter of 2023, we delve into how its local property market is faring.

    When it comes to residential real estate, houses dominate the market in Nickol. They typically fetch a price of AUD $623,415, with median weekly rent sitting at an attractive AUD $874. This results in an indicative yield of 7.29%; a figure quite appealing to cashflow-driven property investors as it surpasses the minimum feasible yield of 3%.

    The socio-economic milieu of Nickol, underlined by an IRSAD score of 1059 out of 1217, suggests a healthy access to economic resources and skilled professions by the community. However, the renter to owner ratio is at a high of 67%, signifying a heavy preponderance of rental properties and a likely competitive market for property investors.

    The units to houses ratio stands at a mere 2% which is favourable as it indicates a lesser competition among landlords for potential tenants, thereby maintaining a higher rental yield. The dominant presence of houses in the suburb also implies a likelihood of longer tenancy periods, given the propensity for families to opt for houses over units.

    The affordability index in Nickol is quite appealing at only 16 years; an indicator pointing towards the high affordability of the suburb’s housing market. This is music to the ears of potential home buyers and speaks volumes for a local market where property ownership is a likely reality for many.

    The suburb stands firmly within the balanced supply spectrum with a stock on market Percentage for houses at 0.61%. The inventory level for houses corresponds with a restrained supply, being measured at 2.33 months. Furthermore, the building approvals Ratio for houses is nil, hinting towards a possible limitation on the introduction of new stock into the housing market.

    The average days on market for houses in Nickol ends at 51 days pegging it closer to the midpoint between high and low demand. Further evidences of demand in this market is seen in a commendably low vacancy rate for houses and units combined at 0.61% and a buy search index for houses at 3.

    Summarily, Nickol presents an intriguing investment opportunity for property investors in Q3 2023. However, the high renter to owner ratio may necessitate a more in-depth understanding of the rental market within the suburb. Coupled with this, it’s vital to keep an eye on the market trends, baring in mind that not only the metric values but their trend is important in deciding whether your investment will yield the desired results. Don’t forget the Relative Composite Score (RCS) from HtAG Analytics that encapsulates the research integrating over 80 metrics to break down the complexities of property investment in a suburb.

    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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