Located in Western Australia within the Bunbury local government area, College Grove is a close-knit residential community (postcode 6230). The area has roughly 1,821 residents and an established family demographic, with a median age of 38. Households earn a median income of $99K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in College Grove stand at $405,000, having risen steeply by 26.6% over the last twelve months. Units have a median price of $350,000 (+12.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 8.3%. The median monthly mortgage repayment is $1,556.
Public transport access includes 14 bus stops. Healthcare facilities include 1 public and 1 private hospitals.
From an investment perspective, College Grove shows a gross rental yield of approximately 8.3%, rated as high yield. Property prices sit below the state median ($405K/$951K), which can point to relative value. The price-to-income ratio of 4.1x is considered affordable. House prices have moved +26.6% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.