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Augusta, WA 6290

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 Augusta, WA 6290 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 “Augusta, WA 6290”

  1. The total adult population (15 years or older) of Augusta 6290 WA is 1,321, with a median age of 62. Of those, 53.37% are married, 14.69% are divorced or separated, 21.20% are single and 10.90% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $4,704. The median monthly mortgage repayment for households in this suburb is $1,551 which is 32.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within the confines of Western Australia (WA), Augusta 6290 is a modest suburb that homes an estimated 1,433 households. As we march into the third quarter of 2023, the property market dynamics in Augusta demonstrate significant trends for prospective real estate investors and buyers.

    Particularly, the typical prices for houses in Augusta are pegged at about $900,104. This aligns attractively with the median rent per week, which is about $525. Proportionally, the indicative yield achieved is 3.05%; presenting opportunities for cashflow-focused property investors as this yield sits comfortably above the 3% general investment attractiveness benchmark.

    The suburb also boasts an IRSAD score of 931; only 286 shy of the perfect score of 1217. Meaning that Augusta enjoys a relatively stable socio-economic status. This is mirrored by the commitment of a significant proportion of its residents towards homeownership with a renter to owner ratio of just 21%.

    Interestingly, Augusta’s housing landscape is dominated by traditional houses to units, as can be seen in the unit to house ratio of just 8%. It puts rental property investors at a strategic position with lesser competition and potentially higher rental yields.

    Notwithstanding, affordability poses quite a concern as the affordability index for the area is a rather high 74 years. This is a clear indicator of the length of time residents would need to own a property outright which is significantly above the standard 30-year mortgage.

    A refreshing analysis of the supply metrics shows a very low stock on market Percentage for houses, at only 0.07%. The inventory level also reflects an encouraging trend with only 0.31 months on record. As no new building approvals have been noted recently (0.0%), it further compounds the high demand in the housing market of Augusta.

    Sold properties in Augusta spend an average of 37 days on the market, a figure that indicates somewhat moderate demand when compared to faster-moving markets where properties spend less than 35 days.

    Vacancy rate in Augusta remains extremely favourable at a paltry 0.33% signifying a very high demand with scant supply. This is buttressed by a buy search index of 3.

    These results and trends suggest that Augusta is a contender for property investors this Q3 2023, despite a few unfavourable metrics such as the ‘years to own’ count. The HtAG Analytics’ Relative Composite Score could provide additional insights across more than 80 metrics to help investors make informed decisions.

    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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