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Cowaramup, WA 6284

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 Cowaramup, WA 6284 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 “Cowaramup, WA 6284”

  1. The total adult population (15 years or older) of Cowaramup 6284 WA is 1,827, with a median age of 39. Of those, 56.49% are married, 11.33% are divorced or separated, 29.94% are single and 2.08% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,512. The median monthly mortgage repayment for households in this suburb is $1,950 which is 22.91% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cowaramup, postcode 6284, is found in Western Australia; a locality consisting of approximately 1358 households. As we approach the 3rd quarter of the year 2023, the typical prices for houses settle around the $991,698 mark. Following this, the median weekly rent commands around $612, which furnishes an indicative yield hovering around 3.21%. In terms of socio-economic infrastructure, the region presently secures an IRSAD score of 1026 out of a possible 1217.

    The renter to owner ratio in the Cowaramup locale is quite attractive, reported at a moderate 17%. Equally noteworthy is the units to houses ratio, calculated at 0%, indicating a strong preference for houses over units in this district. However, the following observation in regards to affordability may give potential investors pause; on average, it is estimated that 46 years would be the necessary duration to completely own a house in this area.

    Taking a gaze toward supply metrics, the Stock on the Market Percentage for houses is 0.96%; slightly under the upper-normal range, signalling a moderate supply in the market. This is further underscored by the inventory level for houses, sitting at four months’ worth of unsold dwellings. The building approvals ratio for the area measures at 0.59% which, while below the threshold that heralds a forthcoming supply boom, still indicates some upcoming growth in dwelling stock.

    The suburb appears somewhat slow-moving when it comes to selling properties, with houses remaining on market for an average of 144 days. Despite this, the vacancy rate, encompassing both houses and units, is enviably low at 0.84%, indicative of a high demand for dwellings. The buy search index for houses settles at a balanced score of 5, pointing to a relatively healthy level of buyer interest in line with state averages.

    In rounding out, while some metrics such as affordability and days on market skew towards the less favourable end of the spectrum, a majority of indicators present an appealing picture of the Cowaramup housing market. It’s imperative to follow these trends judiciously, utilising comprehensive data models like the RCS (Relative Composite Score) to ensure informed property investment strategies.

    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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