Located in Western Australia within the Gnowangerup local government area, Gnowangerup is a close-knit residential community (postcode 6335). With a population of 568, the suburb has an established demographic with a median age of 39. Households earn a median income of $76K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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 technicians & trades, managers, clerical & administrative. Employment in the area leans toward agriculture and wholesale trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Gnowangerup stand at $195,000, having posted strong gains by 8.3% over the last twelve months. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $680.
Gnowangerup is served by 1 school, including 1 combined. The average ICSEA score is 963, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices sit below the state median ($195K/$951K), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved +8.3% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.