Busselton is a close-knit residential community in Western Australia within the Busselton local government area (postcode 6280). The area has roughly 1,838 residents and a predominantly older resident base, with a median age of 56. Households earn a median income of $49K 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 +2.2% 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, labourers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Scottish.
The median house price in Busselton is $750,000, having risen steeply by 15.4% over the past year. Units have a median price of $528,000 (+13.2% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,635.
Busselton is served by 7 schools, including 3 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 979, which is around the national average of 1,000. Public transport access includes 34 bus stops.
On the investment side, The gross rental yield works out to roughly 5.1%, which reads as high yield. Property prices are near the state median ($750K/$951K). The price-to-income ratio of 15.2x is considered stretched. House prices have moved +15.4% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.