Located in Western Australia within the Ravensthorpe local government area, Hopetoun is a close-knit residential community (postcode 6348). It is home to about 1,115 residents, with an older-leaning population and a median age of 46. Households earn a median income of $80K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 technicians & trades, machinery operators & drivers, managers. Employment in the area leans toward mining and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Hopetoun stand at $480,000, having climbed sharply by 24.7% over the last twelve months. The current median weekly rent is $430. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,088.
Hopetoun is served by 1 school, including 1 primary. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 1 bus stop.
On the investment side, Hopetoun shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices sit below the state median ($480K/$1.0M), which can point to relative value. The price-to-income ratio of 6.0x is considered affordable. House prices have moved +24.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.