Esperance is a smaller suburb in Western Australia within the Esperance local government area (postcode 6450). With a population of 2,080, the suburb has a mature demographic with a median age of 52. Households earn a median income of $57K per year, with an average household size of 1.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Esperance is $430,000, having grown strongly 7.5% over the past year. Units have a median price of $320,000 (-14.1% YoY). The current median weekly rent is $415. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,500.
Esperance is served by 8 schools, including 5 primary, 2 secondary, 1 special. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 33 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Esperance offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($430K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +7.5% year-on-year.
Esperance is a smaller suburb in Western Australia within the Esperance local government area (postcode 6450). With a population of 2,080, the suburb has a mature demographic with a median age of 52. Households earn a median income of $57K per year, with an average household size of 1.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Esperance is $430,000, having grown strongly 7.5% over the past year. Units have a median price of $320,000 (-14.1% YoY). The current median weekly rent is $415. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,500.
Esperance is served by 8 schools, including 5 primary, 2 secondary, 1 special. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 33 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Esperance offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($430K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +7.5% year-on-year.