Located in Western Australia within the Wanneroo local government area, Carabooda is a small, quiet locality (postcode 6033). The area has roughly 444 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $120K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Carabooda is $1.2 million, having fallen sharply by 17.2% over the past year. The current median weekly rent is $675. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,600.
On the investment side, Carabooda shows a gross rental yield of approximately 2.9%, rated as low yield. Property prices are near the state median ($1.2M/$951K). The price-to-income ratio of 10.0x is considered stretched. House prices have moved -17.2% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.