Lake Grace is a small locality in Western Australia within the Lake Grace local government area (postcode 6353). With a population of 523, the suburb has an established family demographic with a median age of 38. Households earn a median income of $88K per year, with an average household size of 2.3 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 +2.4% 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 managers, technicians & trades, professionals. Employment in the area leans toward agriculture and wholesale trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Lake Grace stand at $341,000, having jumped by 26.3% over the last twelve months. The current median weekly rent is $420. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $1,083.
Lake Grace is served by 1 school, including 1 combined. The average ICSEA score is 986, 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, Gross rental yield sits at around 6.4% (high yield). Property prices sit below the state median ($341K/$1.0M), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +26.3% 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.