Madeley (postcode 6065) is a moderately sized suburb in Western Australia within the Wanneroo local government area. It is home to about 6,805 residents, with an established family demographic and a median age of 38. Households earn a median income of $111K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% 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, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Italian.
Median house prices in Madeley stand at $764,000, having surged by 13.8% over the last twelve months. Units have a median price of $570,000 (+25.8% YoY). The current median weekly rent is $777. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $2,020.
Madeley is served by 1 school, including 1 primary. The average ICSEA score is 1052, which is above the national average of 1,000. Public transport access includes 33 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices are near the state median ($764K/$951K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +13.8% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.