Located in Western Australia within the Rockingham local government area, Karnup is a smaller residential area (postcode 6176). It is home to about 2,096 residents, with a younger, working-age population and a median age of 30. Households earn a median income of $110K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% 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 technicians & trades, community & personal service, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Karnup is $1.1 million, having risen steeply by 111.8% over the past year. The current median weekly rent is $630. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,857.
Public transport access includes 1 bus stop.
From an investment perspective, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($1.1M/$951K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +111.8% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.