Geraldton (postcode 6530) is a smaller residential area in Western Australia within the Greater Geraldton local government area. The area has roughly 3,246 residents and a mature demographic, with a median age of 47. Households earn a median income of $59K per year, with an average household size of 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 +1.1% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Geraldton has a median house price of $345,000, which has climbed sharply by 15% year-on-year. Units have a median price of $260,000 (+25.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 7.5%. The median monthly mortgage repayment is $1,400.
Geraldton is served by 13 schools, including 7 primary, 3 secondary, 1 combined, 2 special. The average ICSEA score is 932, which is below the national average of 1,000. Public transport access includes 38 bus stops. Healthcare facilities include 1 public and 1 private hospitals.
From an investment perspective, Gross rental yield sits at around 7.5% (high yield). Property prices sit below the state median ($345K/$951K), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +15.0% 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.