Rangeway WA Property Investment

CAUTION — 6.6% gross yield on a $415,000 median.

Rangeway has compounded at 1.0%/yr over 5 years — a house that cost $394,858 in 2021 is worth $415,000 today. Properties are sitting on market for 45 days (roughly balanced conditions). At the same growth rate, today's median reaches $436,169 by 2031.

• Median house: $415,000 | Units: $397,063
• Gross yield: 6.6% | Net yield: 5.1%
• 5yr price CAGR: 1.0%/yr | 3yr forecast: 13.5%/yr
• Population: 1,871 | Owner-occupier rate: 65% | Affluence: Below Average

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

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $525/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.

• No major confirmed infrastructure projects on record.
• Transport: Grants station 14.1km away

If Rangeway maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $477,250 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Rangeway pull back 10-15% from $415,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

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

• Badgingarra (WA): $450,000 median, 2.3% yield, 14.0% 1yr growth
• Frankland River (WA): $342,634 median, 2.4% yield, 9.3% 1yr growth
• Wagin (WA): $379,354 median, 4.6% yield, -3.5% 1yr growth

Rangeway 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: $373,500 – $456,500
• Minimum gross yield to target: 6.9%
• 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.