Lockridge (postcode 6054) is a compact suburb in Western Australia within the Swan local government area. The area has roughly 3,322 residents and a settled mid-life population, with a median age of 38. Households earn a median income of $63K 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 +4.0% 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 labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Lockridge has a median house price of $580,000, which has climbed sharply by 26.5% year-on-year. Units have a median price of $389,000 (+22.6% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,300.
Lockridge is served by 2 schools, including 2 primary. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 26 bus stops.
Looking at the investment signals, Gross rental yield sits at around 5.6% (high yield). Property prices sit below the state median ($580K/$951K), which can point to relative value. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +26.5% year-on-year. Population growth of +4.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.