Located in Western Australia within the Greater Geraldton local government area, Karloo is a small, quiet locality (postcode 6530). The area has roughly 495 residents and a mix of families and early-career residents, with a median age of 33. Households earn a median income of $64K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 labourers, machinery operators & drivers, clerical & administrative. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Karloo stand at $454,000, having climbed sharply by 18.9% over the last twelve months. The current median weekly rent is $450. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,000.
Public transport access includes 5 bus stops.
Looking at the investment signals, Gross rental yield sits at around 5.2% (high yield). Property prices sit below the state median ($454K/$1.0M), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +18.9% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.