Located in Western Australia within the Stirling local government area, Karrinyup is a mid-sized suburb (postcode 6018). With a population of 9,886, the suburb has an established family demographic with a median age of 41. Households earn a median income of $128K 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 +1.6% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Karrinyup stand at $1.3 million, having risen steeply by 16.6% over the last twelve months. Units have a median price of $800,000 (+17.6% YoY). The current median weekly rent is $965. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,588.
Karrinyup is served by 5 schools, including 4 primary, 1 combined. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 66 bus stops.
On the investment side, Karrinyup shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices are above the state median ($1.3M/$951K), placing it in the premium segment. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +16.6% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.