Harrisdale (postcode 6112) is a well-established suburb in Western Australia within the Armadale local government area. With a population of 11,667, the suburb has a mix of families and early-career residents with a median age of 33. Households earn a median income of $125K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% 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, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Indian.
The median house price in Harrisdale is $770,000, having surged by 20.5% over the past year. The current median weekly rent is $750. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $2,000.
Harrisdale is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 37 bus stops.
From an investment perspective, The gross rental yield works out to roughly 5.1%, which reads as high yield. Property prices are near the state median ($770K/$951K). The price-to-income ratio of 6.1x is considered moderate. House prices have moved +20.5% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.