Augusta is a small community in Western Australia within the Augusta Margaret River local government area (postcode 6290). The area has roughly 1,463 residents and a predominantly older resident base, with a median age of 62. Households earn a median income of $45K per year, with an average household size of 1.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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, managers, labourers. Employment in the area leans toward accommodation & food and retail trade. The top ancestries reported are English, Australian, Scottish.
Augusta has a median house price of $800,000, which has jumped by 25% year-on-year. Units have a median price of $628,000 (+39.4% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,551.
Augusta is served by 1 school, including 1 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 3.6% (moderate yield). Property prices are near the state median ($800K/$951K). The price-to-income ratio of 17.7x is considered stretched. House prices have moved +25.0% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.