Kelmscott (postcode 6111) is a settled mid-to-large suburb in Western Australia within the Armadale local government area. With a population of 10,575, the suburb has an established demographic with a median age of 40. Households earn a median income of $70K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% 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, professionals, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Kelmscott stand at $530,000, having climbed sharply by 30.9% over the last twelve months. Units have a median price of $395,000 (+30.1% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,500.
Kelmscott is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 3 rail stations, 82 bus stops.
On the investment side, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($530K/$951K), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +30.9% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.