Capel is a smaller suburb in Western Australia within the Capel local government area (postcode 6271). It is home to about 2,606 residents, with an established family demographic and a median age of 42. Households earn a median income of $74K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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, labourers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Capel has a median house price of $528,000, which has surged by 17.2% year-on-year. Units have a median price of $230,000. The current median weekly rent is $630. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,498.
Capel is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 2 bus stops.
From an investment perspective, Gross rental yield sits at around 6.2% (high yield). Property prices sit below the state median ($528K/$951K), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +17.2% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.