Banjup (postcode 6164) is a small community in Western Australia within the Cockburn local government area. The area has roughly 1,377 residents and an established family demographic, with a median age of 42. Households earn a median income of $130K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.8% 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, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Banjup has a median house price of $730,000, which has climbed sharply by 20.9% year-on-year. Units have a median price of $428,000 (+12.2% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $2,100.
Public transport access includes 6 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 7.8%, which reads as high yield. Property prices are near the state median ($730K/$951K). The price-to-income ratio of 5.6x is considered affordable. House prices have moved +20.9% year-on-year. Population growth of +2.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.