Located in Western Australia within the Carnarvon local government area, Carnarvon is a small, quiet locality (postcode 6701). The area has roughly 281 residents and an established demographic, with a median age of 39. Households earn a median income of $70K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward education and accommodation & food. The top ancestries reported are Australian, English, Aboriginal Australian.
Carnarvon has a median house price of $315,000, which has climbed sharply by 23.5% year-on-year. Units have a median price of $175,000 (-4.1% YoY). The current median weekly rent is $180. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,034.
Carnarvon is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 8 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Gross rental yield sits at around 3.0% (low yield). Property prices sit below the state median ($315K/$951K), which can point to relative value. The price-to-income ratio of 4.5x is considered affordable. House prices have moved +23.5% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.