Casuarina is a small locality in Western Australia within the Kwinana local government area (postcode 6167). With a population of 1,987, the suburb has a blend of families and working-age professionals with a median age of 36. Households earn a median income of $119K 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 +4.6% 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 technicians & trades, professionals, labourers. Employment in the area leans toward construction and manufacturing. The top ancestries reported are English, Australian, Irish.
Casuarina has a median house price of $718,000, which has posted strong gains by 9.6% year-on-year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,300.
Looking at the investment signals, Casuarina shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($718K/$951K). The price-to-income ratio of 6.0x is considered moderate. House prices have moved +9.6% year-on-year. Population growth of +4.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.