Aveley (postcode 6069) is a well-established suburb in Western Australia within the Swan local government area. The area has roughly 13,998 residents and a younger, working-age population, with a median age of 31. Households earn a median income of $113K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.0% 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, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Aveley stand at $630,000, having climbed sharply by 23.5% over the last twelve months. Units have a median price of $491,000 (+38.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,950.
Aveley is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1028, which is around the national average of 1,000. Public transport access includes 55 bus stops.
Looking at the investment signals, Aveley shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($630K/$951K), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +23.5% year-on-year. Population growth of +4.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.