Located in Western Australia within the Mundaring local government area, Hovea is a small community (postcode 6071). With a population of 713, the suburb has an older-leaning population with a median age of 51. Households earn a median income of $132K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Hovea has a median house price of $1.1 million, which has risen steeply by 17.6% year-on-year. The median weekly rent is $575 (Census 2021). This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Public transport access includes 12 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +17.6% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.