Located in Western Australia within the Perth local government area, East Perth is a well-established suburb (postcode 6004). The area has roughly 11,681 residents and a blend of families and working-age professionals, with a median age of 35. Households earn a median income of $104K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Chinese, Australian.
The median house price in East Perth is $1.4 million, having fallen by 6.9% over the past year. Units have a median price of $470,000 (+9.2% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,950.
East Perth is served by 1 school, including 1 combined. The average ICSEA score is 1113, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 48 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, The gross rental yield works out to roughly 3.0%, which reads as moderate yield. Property prices are above the state median ($1.4M/$951K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -6.9% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.