Mount Magnet WA 6638

Here you can find what you need to know about Mount Magnet, WA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$35k Median Sale Price (National Average $485k) 800th In WA
-25.53% Median Price Change (1 yr) (National Average 4.30%) 1232nd In WA
$220pw Median Rent (National Average $395) 662nd In WA
32.7% Median Gross Yield (National Average 4.24%) 3rd In WA
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Properties sold 9
Average discounting -28.57%
Average Days on Market 11
Stock on Market 7 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Mount Magnet, WA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Mount Magnet, WA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Mount Magnet, WA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Mount Magnet


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
WA 42 47%
ACT 62 53%
NSW 506 62%
NT 12 56%
QLD 121 34%
SA 113 51%
TAS 5 33%
VIC 820 57%

Local Schools


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Suburb Information

Mount Magnet, WA 6638

Part of: Mount Magnet Council No data available

The size of Mount Magnet is approximately 261.3 square kilometres. It has 2 parks. The population of Mount Magnet in 2011 was 532 people. By 2016 the population was 465 showing a population decline of 12.6% in the area during that time. The predominant age group in Mount Magnet is 50-59 years. Households in Mount Magnet are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Mount Magnet work in a trades occupation. In 2011, 39.3% of the homes in Mount Magnet were owner-occupied compared with 53.9% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Mount Magnet

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Mount Magnet   for Houses in last 12 months

Streets in Mount Magnet


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