Question 1

Is Yakamia a nice place to live?

Accepted Answer

Yakamia is a residential Albany suburb where Yakamia Creek winds through streets of older weatherboard and brick homes alongside later infill and established gardens.

Yakamia is an older community with incomes below the median for Western Australia.

Couples without children make up 43.5% of families, and 37.0% of homes are rented. At the 2021 Census, 3,025 people lived in Yakamia.

Yakamia and Western Australia

	Suburb	WA
Median age years	46	38
Median household income weekly	$1,232	$1,815
Couples with children share of families	37.3%	44.6%
Couples without children share of families	43.5%	38.8%
One-parent families share of families	17.9%	15.1%
Homes owned outright share of homes	34.4%	30.2%
Homes with a mortgage share of homes	28.5%	41.4%
Homes rented share of homes	37.0%	28.3%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Question 2

Is it expensive to live in Yakamia?

Accepted Answer

A typical local household earned about $1,232 a week at the last Census. With a median house price of $815,000, buying a house in Yakamia works out to about 12.7 times a typical local annual household income, which sits well above local incomes. Renting looks stretched too: the average house rent of $665 a week would take about 54% of a typical local household's weekly income, a large share. For someone deciding between renting and buying, those two figures are the most relevant to compare against your own finances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Yakamia a good place to invest?

Accepted Answer

A strong 16.5% rise in median house values in Yakamia over the past 12 months is the headline movement, with house rents also up 12.7%.

For houses, value growth outpaced rent growth, so capital appreciation exceeded rental income growth for that property type.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$815K	N/A
Change in value Past 12 months	16.5%	N/A
Sold Past 3 months	12	1
Median days on market Past 12 months	15	N/A
Average rent Past 12 months	$665	N/A
Change in rent Past 12 months	12.7%	N/A

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