Gingin is a small locality in Western Australia within the Gingin local government area (postcode 6503). The area has roughly 902 residents and a settled mid-life population, with a median age of 40. Households earn a median income of $83K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% 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 managers, labourers, machinery operators & drivers. Employment in the area leans toward agriculture and mining. The top ancestries reported are Australian, English, Scottish.
Median house prices in Gingin stand at $515,000, having posted strong gains by 7.3% over the last twelve months. Units have a median price of $360,000 (+6.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,699.
Gingin is served by 1 school, including 1 combined. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 2 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($515K/$951K), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +7.3% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.