Fraud Blocker

Wattle Grove, WA 6107

Home » WA Real Estate Data » Shire of Kalamunda, WA » Wattle Grove, WA 6107

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 Wattle Grove, WA 6107 located in Perth 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Wattle Grove, WA 6107”

  1. The total adult population (15 years or older) of Wattle Grove 6107 WA is 4,752, with a median age of 34. Of those, 58.61% are married, 8.02% are divorced or separated, 31.17% are single and 2.10% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $9,796. The median monthly mortgage repayment for households in this suburb is $1,993 which is 20.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of WATTLE GROVE 6107 is a homely neighbourhood estimated to house around 2,325 families. As of Q3 2023, typical home prices in WATTLE GROVE are observing a moderate rate, fetching about $647,030, presenting affordable opportunities to property investors. Together with a median weekly rent of $550, WATTLE GROVE presents a promising indicative yield of 4.42%, comfortably above the minimum 3% attractive market requirement, signalling a cashflow-positive market situation for investors.

    Ranked at 1,043 out of 1,217 on the IRSAD, the socio-economic calibre of WATTLE GROVE reflects a fairly high-level concentration of economic resources, high income earners and skilled professions. The neighbourhood boasts a low renter to owner ratio at 15%, significantly under the not-so-appealing mark of 30%, making it a desirable stronghold for investors for long term returns. The units to houses ratio sits comfortably at 0% indicating a property market skewed heavily towards houses rather than units, providing for less competition amongst landlords and potentially longer tenancy periods.

    Homes in WATTLE GROVE are fairly easy to shoulder in terms of affordability, with the affordability index placing homeownership at a projected 26 years – typicality that’s well within the 30-year benchmark. The suburb sits in the neutral range for the supply metric ‘Stock on Market’ with a percentage of 0.74%, while the inventory level indicates a slightly favourable scenario at 2.76 months, reflecting a reasonably efficient absorption of the new listings.

    The building approvals Ratio hints towards a balanced supply scenario for houses with a 1.09% rating. WATTLE GROVE real estate spends an average of 42 days active on the market, more than the high demand period but still within acceptable parameters. The combined vacancy rate for houses and units in the region tracks at an appealing 1.48%, signifying high demand on the renter’s side. The Buy Search Index, however, is a bit on the lower side at 3, potentially pointing at a less vibrant buying interest for houses in the area.

    Understanding the property market landscape in suburbs like WATTLE GROVE enables informed investment decisions, and knowing the right metrics to look for plays a huge part. While some values trend in the considered unfavourable range, the majority paint a good picture. WATTLE GROVE showcases enough favourable metrics to make it an attractive option for potential investors.

    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.

Leave a comment