Located in Western Australia within the Joondalup local government area, Hillarys is a well-established suburb (postcode 6025). It is home to about 11,200 residents, with an established demographic and a median age of 44. Households earn a median income of $128K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Hillarys stand at $1.2 million, having climbed sharply by 16% over the last twelve months. Units have a median price of $695,000 (+11.6% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,400.
Hillarys is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 53 bus stops.
On the investment side, The gross rental yield works out to roughly 3.5%, which reads as moderate yield. Property prices are near the state median ($1.2M/$951K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +16.0% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.