Located in Western Australia within the Joondalup local government area, Duncraig is a well-established suburb (postcode 6023). It is home to about 15,982 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $124K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 education. The top ancestries reported are English, Australian, Irish.
The median house price in Duncraig is $1.1 million, having risen steeply by 17% over the past year. Units have a median price of $541,000 (+3.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,208.
Duncraig is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1110, which is well above the national average of 1,000. Public transport access includes 81 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($1.1M/$951K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +17.0% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.