Alfred Cove is a smaller residential area in Western Australia within the Melville local government area (postcode 6154). It is home to about 2,830 residents, with a settled mid-life population and a median age of 41. Households earn a median income of $118K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Alfred Cove stand at $1.6 million, having risen solidly by 9.8% over the last twelve months. The current median weekly rent is $787. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,400.
Public transport access includes 13 bus stops.
From an investment perspective, Alfred Cove shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are above the state median ($1.6M/$1.0M), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +9.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.