Real Estate Hovea WA 6071

Real Estate Market: Is Hovea WA 6071 a Good Suburb to Buy Into?

Housing Market in Hovea

Key Hovea Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Perth	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$804	Top 13%	312% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Hovea

Hovea Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2002 - 2023

Hovea

43.1%

Perth

38.0%

Compare
Suburbs

Field	Value	VS Perth	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	2.0	Bottom 40%	Data for Jul 2023
Housing Stock Quality Indicator	54.8	Top 13%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	4	Top 26%	to Mar 2025

Housing Stock Quality in Hovea

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Perth	Trend
Houses	100.0%	Top 31%	Data for Jan 2021
Average bedrooms - all homes	2.7	Top 30%	54% to Jan 2021
NBN connection: fibreoptic cable to node	35.5%	Top 9%	Data for Jun 2023

Development Restrictions in Hovea

Hovea Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Hovea

23.8%

Perth

34.5%

Compare
Suburbs

	Field	Value	VS Perth	Trend
	Total area	2.1 sq km	Bottom 21%	Data for Jan 2021
	Residential density	1570 sqm per resident	Top 46%	Data for Jan 2021

Risk in Hovea

Hovea Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Hovea

35.8

Perth

47.5

Compare
Suburbs

Field	Value	VS Perth	Trend
% Owner Occupied	97.1%	Top 29%	Data for May 2023
% Rentals	2.9%	Bottom 29%	Data for May 2023
Housing Affordability Index	29	Bottom 36%	Data for Jun 2023
Median monthly mortgage	$2,030	Top 44%	6% to May 2023
Rent Affordability Index (Houses)	82	Top 28%	Data for Jun 2023
Rent Affordability Index (Units)	79	Top 31%	Data for Jun 2023
Mortgage as a percent of income	19.7%	Bottom 36%	21% to Jan 2021
Mortgaged Dwellings	45.5%	Top 32%	2% to May 2023

Housing Demand in Hovea

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Hovea

49.4%

Perth

71.6%

Compare
Suburbs

Field	Value	VS Perth	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	6480	Bottom 23%	10% to Dec 2031
Historical Population (SA3)	46800	Bottom 31%	19% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	40700	Top 30%	14% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Businesses (14)

Name	Address
Street Concrete Pty Ltd	Midland WA 6936, Australia
Cooperbuilderswa	2645, Victoria Rd
Terra Core Australia	100, Bud Ct
Barracuda Blasting	100, Bud Ct
Terra Core Australia	100, Bud Ct

LGA Details (1)

Headline	Place	Datetime
Local government area	Mundaring

Percent of Renters by Street (28)

Percent of Renters	Street
83.3%	Bentley Pl
0.0%	Alexandra Rd
0.0%	Anne Rd
0.0%	Bud Ct
19.1%	Bushlands Rd

Turnover Rate by Street (21)

Turnover rate	Street	Turnover Label	Turnover Years	Year
47.1%	Falls Rd	very tightly held	Every 21.2 years (very tightly held)	2025
69.0%	Bushlands Rd	average turnover	Every 14.5 years (average turnover)	2025
61.1%	Victoria Rd	quite tightly held	Every 16.4 years (quite tightly held)	2025
137.5%	Flora Rd	very high turnover	Every 7.3 years (very high turnover)	2025
71.4%	Mueller Pl	average turnover	Every 14.0 years (average turnover)	2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
785 Bushlands Rd	$1,330,000	4.0	2.0	0.0	12 Mar 2025	On Market
350 Flora Rd	$2,300,000	4.0	3.0	3.0	22 Jan 2025	On Market
630 Anne Rd	Price Withheld	7.0	4.0	8.0	03 Jan 2025	On Market
2030 Oxley Rd	$1,250,000	4.0	2.0	2.0	05 Nov 2024	On Market
600 Bushlands Rd	Price Withheld	4.0	2.0	2.0	14 Oct 2024	On Market

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Victoria Rd	10 May 2024	$972,000
Great Eastern Hwy	10 May 2024	$995,000
Bushlands Rd	10 May 2024	$1,250,000
Bushlands Rd	31 May 2024	1231500.0
Plateau	25 Apr 2024	$1,000,000

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bathrooms	Garage spaces	Date
2090 Oxley Rd	$480	2.0	2.0	27 Sep 2019
2090 Oxley Rd	$480	2.0	2.0	27 Sep 2019
2090 Oxley Rd	$480	2.0	2.0	27 Sep 2019
2090 Oxley Rd	$480	2.0	2.0	27 Sep 2019
2090 Oxley Rd	$480	2.0	2.0	27 Sep 2019

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
2090 Oxley Rd	Price Withheld	4	2	2	08 Dec 2022
2090 Oxley Rd	Price Withheld	4	2	2	08 Dec 2022
2090 Oxley Rd	Price Withheld	4	2	2	08 Dec 2022
2090 Oxley Rd	Price Withheld	4	2	2	08 Dec 2022
2090 Oxley Rd	Price Withheld	4	2	2	08 Dec 2022

Recently Sold Units (100)

Address	Price	Date sold	Sale Type
1925 Falls Rd	Price Withheld	22 Dec 2022	On Market
1925 Falls Rd	Price Withheld	22 Dec 2022	On Market
1925 Falls Rd	Price Withheld	22 Dec 2022	On Market
1925 Falls Rd	Price Withheld	22 Dec 2022	On Market
1925 Falls Rd	Price Withheld	22 Dec 2022	On Market

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