Located in Western Australia within the Claremont local government area, Claremont is a mid-sized suburb (postcode 6010). It is home to about 9,248 residents, with an established family demographic and a median age of 44. Households earn a median income of $108K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% 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.
Claremont has a median house price of $2.4 million, which has surged by 20.1% year-on-year. Units have a median price of $827,000 (+11.8% YoY). The current median weekly rent is $1300. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,800.
Claremont is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1176, which is well above the national average of 1,000. Public transport access includes 1 rail station, 47 bus stops. Healthcare facilities include 1 private hospital.
On the investment side, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices are above the state median ($2.4M/$951K), placing it in the premium segment. The price-to-income ratio of 22.5x is considered stretched. House prices have moved +20.1% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.