Cooloongup is a moderately sized suburb in Western Australia within the Rockingham local government area (postcode 6168). The area has roughly 6,696 residents and an established demographic, with a median age of 42. Households earn a median income of $63K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% 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, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Cooloongup has a median house price of $549,000, which has risen steeply by 33.3% year-on-year. Units have a median price of $435,000 (+52.6% YoY). The current median weekly rent is $587. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,313.
Cooloongup is served by 2 schools, including 2 primary. The average ICSEA score is 916, which is below the national average of 1,000. Public transport access includes 34 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Cooloongup shows a gross rental yield of approximately 5.6%, rated as high yield. Property prices sit below the state median ($549K/$951K), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +33.3% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.