Manjimup (postcode 6258) is a compact suburb in Western Australia within the Manjimup local government area. The area has roughly 4,279 residents and an established demographic, with a median age of 42. Households earn a median income of $63K 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 +0.9% 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 agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Manjimup stand at $340,000, having risen steeply by 13.3% over the last twelve months. Units have a median price of $275,000 (+41% YoY). The current median weekly rent is $462. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,148.
Manjimup is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 980, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
On the investment side, The gross rental yield works out to roughly 7.1%, which reads as high yield. Property prices sit below the state median ($340K/$951K), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +13.3% 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.