McKail (postcode 6330) is a smaller residential area in Western Australia within the Albany local government area. With a population of 3,970, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $85K per year, with an average household size of 2.8 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 community & personal service, technicians & trades, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in McKail stand at $470,000, having risen steeply by 11.9% over the last twelve months. Units have a median price of $284,000 (-5.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,622.
Public transport access includes 4 bus stops.
From an investment perspective, McKail shows a gross rental yield of approximately 7.2%, rated as high yield. Property prices sit below the state median ($470K/$951K), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +11.9% 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.