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Gnarabup, WA 6285

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 Gnarabup, WA 6285 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 “Gnarabup, WA 6285”

  1. The total adult population (15 years or older) of Gnarabup 6285 WA is 420, with a median age of 43. Of those, 50.24% are married, 10.00% are divorced or separated, 38.10% are single and 2.38% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,784. The median monthly mortgage repayment for households in this suburb is $1,733 which is 17.71% of their earnings.

    Source: ABS Census Data (2021)

  2. Gnarabup, a charming suburb located within Western Australia, is known for its lively residential community with about 402 households. As the property market data for Q3 of 2023 highlights, houses in Gnarabup 6285 are typically priced at approximately $1,326,961. With a median weekly rent of $601, this results in an indicative yield of 2.36%.

    Peeling back the layers of the property data, the socio-economic score or the IRSAD score for this suburb is an impressive 1078 out of 1217. This high IRSAD score suggests a good socio-economic status indicating that the grand majority of residents have convenient access to economic resources and tend to be in skilled professions with attractive income levels.

    Diving into the renter to owner ratio, Gnarabup showcases a lower ratio of 23%, indicating a favourable market for property investors due to the low saturation of rental properties which increases potential returns in the long term. Furthermore, the units to houses ratio stands at a healthy 28%, offering a positive outlook for potential landlords due to lower competition for tenants.

    Nonetheless, the affordability index, measuring the estimated duration required to fully own a property, indicates that it takes upwards of 30 years on a standard mortgage to own a home in Gnarabup. This raises questions about affordability within the area.

    Fast forwarding to supply metrics, the stock on market Percentage for houses sits mildly at 0.5%, indicating a balanced supply. Concurrently, the average inventory level for houses in Gnarabup is just 2.0 months, suggesting a favourable low supply market. However, it’s noteworthy to mention that with 0% building approvals Ratio, the supply of new dwellings in the market could remain limited.

    In terms of demand dynamics, Gnarabup displays a slightly higher than average days on market at 175 days, potentially implying less demand. Conversely, the low vacancy rate of 1.1% suggests a high demand amongst renters.

    Overall, despite having a buy search index of 5, signaling an average level of demand, Gnarabup’s unique blend of socio-economic strengths, balanced rental markets, coupled with a favourable supply-dynamic could make it a viable consideration for informed property investors.

    As RCS (Relative Composite Score) developed by HtAG Analytics explains, while some metrics may lean a bit towards the unfavourable, if the majority of metrics align positively, Gnarabup could be a precinct worth taking into account for property investment.

    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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