Byford (postcode 6122) is a settled mid-to-large suburb in Western Australia within the Serpentine-Jarrahdale local government area. It is home to about 18,878 residents, with a younger, working-age population and a median age of 31. Households earn a median income of $107K 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 +4.5% 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, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Byford stand at $630,000, having climbed sharply by 27.7% over the last twelve months. Units have a median price of $358,000 (+15.3% YoY). The current median weekly rent is $665. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,898.
Byford is served by 8 schools, including 6 primary, 1 secondary, 1 combined. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 1 rail station, 86 bus stops.
From an investment perspective, The gross rental yield works out to roughly 5.5%, which reads as high yield. Property prices sit below the state median ($630K/$951K), which can point to relative value. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +27.7% year-on-year. Population growth of +4.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.