Located in Queensland within the Gladstone local government area, West Gladstone is a smaller suburb (postcode 4680). It is home to about 4,844 residents, with an established family demographic and a median age of 40. Households earn a median income of $69K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, labourers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Irish.
West Gladstone has a median house price of $373,000, which has risen steeply by 13.1% year-on-year. Units have a median price of $245,000 (+11.4% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,300.
West Gladstone is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 939, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Gladstone LGA is moderate at 5,791 incidents per 100,000 population.
From an investment perspective, West Gladstone shows a gross rental yield of approximately 6.6%, rated as high yield. Property prices sit below the state median ($373K/$1.1M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +13.1% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.