Derby is a smaller suburb in Western Australia within the Derby-West Kimberley local government area (postcode 6728). With a population of 3,222, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $89K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, professionals, clerical & administrative. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Derby is $210,000, having dropped significantly 16% over the past year. Units have a median price of $225,000 (-8.2% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $1,638.
Derby is served by 5 schools, including 2 primary, 3 combined. The average ICSEA score is 793, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
From an investment perspective, Derby offers a gross rental yield of 10.4%, rated as high yield. Property prices sit below the state median ($210K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved -16.0% year-on-year.
Derby is a smaller suburb in Western Australia within the Derby-West Kimberley local government area (postcode 6728). With a population of 3,222, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $89K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, professionals, clerical & administrative. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Derby is $210,000, having dropped significantly 16% over the past year. Units have a median price of $225,000 (-8.2% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $1,638.
Derby is served by 5 schools, including 2 primary, 3 combined. The average ICSEA score is 793, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
From an investment perspective, Derby offers a gross rental yield of 10.4%, rated as high yield. Property prices sit below the state median ($210K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved -16.0% year-on-year.