Located in Western Australia within the Stirling local government area, Balcatta is a settled mid-to-large suburb (postcode 6021). The area has roughly 10,813 residents and an established family demographic, with a median age of 39. Households earn a median income of $80K 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. 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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Italian.
Balcatta has a median house price of $773,000, which has jumped by 18.9% year-on-year. Units have a median price of $550,000 (+27.2% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,756.
Balcatta is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1059, which is above the national average of 1,000. Public transport access includes 78 bus stops.
Looking at the investment signals, Gross rental yield sits at around 5.7% (high yield). Property prices are near the state median ($773K/$951K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +18.9% 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.