Bridgetown (postcode 6255) is a smaller suburb in Western Australia within the Bridgetown-Greenbushes local government area. With a population of 3,168, the suburb has a settled, mature resident base with a median age of 52. Households earn a median income of $56K 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 +2.0% 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 mining and healthcare. The top ancestries reported are English, Australian, Scottish.
Bridgetown has a median house price of $508,000, which has risen steeply by 23.8% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,400.
Bridgetown is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Gross rental yield sits at around 6.0% (high yield). Property prices sit below the state median ($508K/$951K), which can point to relative value. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +23.8% year-on-year. Population growth of +2.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.