Kalamunda (postcode 6076) is a mid-sized suburb in Western Australia within the Kalamunda local government area. With a population of 7,163, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $84K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% 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, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Kalamunda is $850,000, having climbed sharply by 13.3% over the past year. Units have a median price of $495,000 (+3% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,100.
Kalamunda is served by 4 schools, including 1 primary, 1 secondary, 2 special. The average ICSEA score is 1026, which is around the national average of 1,000. Public transport access includes 14 rail stations, 43 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices are near the state median ($850K/$951K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +13.3% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.