Caraban (postcode 6041) is a small, quiet locality in Western Australia within the Gingin local government area. It is home to about 25 residents, with a more retirement-aged population and a median age of 57. Households earn a median income of $110K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% 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 top ancestries reported are Australian, English, Scottish.
The median weekly rent is $200 (Census 2021).
From an investment perspective, Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.