Harvey is a smaller residential area in Western Australia within the Harvey local government area (postcode 6220). It is home to about 3,462 residents, with an established family demographic and a median age of 44. Households earn a median income of $74K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.9% 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 labourers, technicians & trades, machinery operators & drivers. Employment in the area leans toward manufacturing and agriculture. The top ancestries reported are English, Australian, Italian.
Harvey has a median house price of $420,000, which has risen steeply by 25.4% year-on-year. Units have a median price of $358,000 (+25.5% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,517.
Harvey is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 1 rail station, 3 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Harvey shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($420K/$951K), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +25.4% year-on-year. Population growth of +1.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.