Located in Western Australia within the Albany local government area, Little Grove is a small community (postcode 6330). It is home to about 1,508 residents, with a settled, mature resident base and a median age of 48. Households earn a median income of $82K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in Little Grove stand at $765,000, having jumped by 11.3% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,610.
Little Grove is served by 1 school, including 1 primary. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 8 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 4.4%, which reads as moderate yield. Property prices are near the state median ($765K/$951K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved +11.3% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.