Hay is a quiet locality in Western Australia within the Denmark local government area (postcode 6333). It is home to about 493 residents, with an older-leaning population and a median age of 51. Households earn a median income of $86K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Scottish.
Hay has a median house price of $1.1 million, which has climbed sharply by 11.5% year-on-year. The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,658.
Looking at the investment signals, The gross rental yield works out to roughly 1.4%, which reads as low yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +11.5% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.