Allanson WA Property Investment

CAUTION — 5.1% gross yield on a $575,000–$765,000 (sources disagree, range shown — do NOT quote a single number) median.

Allanson has compounded at 0.1%/yr over 5 years. Median sits in the $575,000–$765,000 (sources disagree, range shown — do NOT quote a single number) band today. Properties are sitting on market for 45 days (roughly balanced conditions).

• Median house: $575,000–$765,000 (sources disagree, range shown — do NOT quote a single number) | Units: $385,055
• Gross yield: 5.1% | Net yield: 3.6%
• 5yr price CAGR: 0.1%/yr | 3yr forecast: 13.5%/yr
• Population: 591 | Owner-occupier rate: 77% | Affluence: Low

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $620/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $559/night | Occupancy: 37%
• Estimated annual STR gross: ~$75,451/yr
• vs long-term rent: $32,240/yr (+134% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Worsley Siding station 7.9km away

If Allanson maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $724,500 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Allanson pull back 10-15% from $630,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Mandurah (WA): $746,319 median, 3.8% yield, 16.5% 1yr growth
• Balga (WA): $750,000 median, 5.0% yield, 14.1% 1yr growth
• Girrawheen (WA): $775,000 median, 4.4% yield, 16.5% 1yr growth

Allanson carries elevated risk that outweighs potential returns at current levels. A recovery market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $567,000 – $693,000
• Minimum gross yield to target: 5.4%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.