City Beach is a mid-sized suburb in Western Australia within the Cambridge local government area (postcode 6015). With a population of 6,805, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in City Beach is $2.8 million, having surged 11.4% over the past year. Units have a median price of $1.3 million (+41.5% YoY). The current median weekly rent is $1300. This gives a gross rental yield of approximately 2.4%. 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.
From an investment perspective, City Beach offers a gross rental yield of 2.4%, 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.
City Beach is a mid-sized suburb in Western Australia within the Cambridge local government area (postcode 6015). With a population of 6,805, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in City Beach is $2.8 million, having surged 11.4% over the past year. Units have a median price of $1.3 million (+41.5% YoY). The current median weekly rent is $1300. This gives a gross rental yield of approximately 2.4%. 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.
From an investment perspective, City Beach offers a gross rental yield of 2.4%, 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.