Frankland River (postcode 6396) is a small, quiet locality in Western Australia within the Cranbrook local government area. It is home to about 353 residents, with a mature demographic and a median age of 46. Households earn a median income of $82K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, 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 manufacturing. The top ancestries reported are English, Australian, Scottish.
Median house prices in Frankland River stand at $385,000, having climbed sharply by 32.3% over the last twelve months. The median weekly rent is $155 (Census 2021). This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,285.
Frankland River is served by 1 school, including 1 primary. The average ICSEA score is 964, which is around the national average of 1,000.
On the investment side, The gross rental yield works out to roughly 2.1%, which reads as low yield. Property prices sit below the state median ($385K/$1.0M), which can point to relative value. The price-to-income ratio of 4.7x is considered affordable. House prices have moved +32.3% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.