Kojonup is a small community in Western Australia within the Kojonup local government area (postcode 6395). With a population of 1,157, the suburb has an older-leaning population with a median age of 46. Households earn a median income of $66K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 managers, labourers, technicians & trades. Employment in the area leans toward agriculture and transport & logistics. The top ancestries reported are Australian, English, Scottish.
Kojonup has a median house price of $215,000, which has posted strong gains by 7.5% year-on-year. The current median weekly rent is $470. This gives a gross rental yield of approximately 11.4%. The median monthly mortgage repayment is $1,083.
Kojonup is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, The gross rental yield works out to roughly 11.4%, which reads as high yield. Property prices sit below the state median ($215K/$951K), which can point to relative value. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +7.5% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.