Hazelmere is a small locality in Western Australia within the Swan local government area (postcode 6055). With a population of 935, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $63K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.0% 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, professionals, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
Hazelmere has a median house price of $749,000, which has surged by 17% year-on-year. Units have a median price of $1.6 million. The current median weekly rent is $220. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,903.
Public transport access includes 17 bus stops.
On the investment side, Hazelmere shows a gross rental yield of approximately 1.5%, rated as low yield. Property prices are near the state median ($749K/$951K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +17.0% year-on-year. Population growth of +4.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.