Dowerin is a small, quiet locality in Western Australia within the Dowerin local government area (postcode 6461). The area has roughly 436 residents and a mature demographic, with a median age of 46. Households earn a median income of $57K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 managers, labourers, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
The median house price in Dowerin is $181,000, having risen solidly by 6.5% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $672.
Dowerin is served by 1 school, including 1 combined. The average ICSEA score is 963, which is around the national average of 1,000.
Looking at the investment signals, The gross rental yield works out to roughly 8.6%, which reads as high yield. Property prices sit below the state median ($181K/$951K), which can point to relative value. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +6.5% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.