Floreat is a mid-sized suburb in Western Australia within the Cambridge local government area (postcode 6014). With a population of 8,621, the suburb has an established demographic with a median age of 42. Households earn a median income of $186K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Floreat is $1.9 million, having grown strongly 5.7% over the past year. Units have a median price of $785,000 (-5.4% YoY). The current median weekly rent is $1025. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $3,250.
Floreat is served by 2 schools, including 2 primary. The average ICSEA score is 1171, which is well above the national average of 1,000. Public transport access includes 69 bus stops.
From an investment perspective, Floreat offers a gross rental yield of 2.7%, rated as low yield. Property prices are above the state median ($1.9M/$951K), placing it in the premium segment. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +5.7% year-on-year.
Floreat is a mid-sized suburb in Western Australia within the Cambridge local government area (postcode 6014). With a population of 8,621, the suburb has an established demographic with a median age of 42. Households earn a median income of $186K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Floreat is $1.9 million, having grown strongly 5.7% over the past year. Units have a median price of $785,000 (-5.4% YoY). The current median weekly rent is $1025. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $3,250.
Floreat is served by 2 schools, including 2 primary. The average ICSEA score is 1171, which is well above the national average of 1,000. Public transport access includes 69 bus stops.
From an investment perspective, Floreat offers a gross rental yield of 2.7%, rated as low yield. Property prices are above the state median ($1.9M/$951K), placing it in the premium segment. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +5.7% year-on-year.