Located in Western Australia within the Cambridge local government area, City Beach is a moderately sized suburb (postcode 6015). The area has roughly 6,805 residents and a mature demographic, with a median age of 47. Households earn a median income of $192K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in City Beach is $2.8 million, having risen steeply by 11.4% over the past year. Units have a median price of $1.3 million (+41.5% YoY). The current median weekly rent is $1450. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $4,000.
City Beach is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1159, which is well above the national average of 1,000. Public transport access includes 51 bus stops.
On the investment side, City Beach shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are above the state median ($2.8M/$951K), placing it in the premium segment. The price-to-income ratio of 14.4x is considered stretched. House prices have moved +11.4% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.