Meekatharra (postcode 6642) is a close-knit residential community in Western Australia within the Meekatharra local government area. With a population of 849, the suburb has a blend of families and working-age professionals with a median age of 33. Households earn a median income of $66K 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 +0.0% 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 technicians & trades, machinery operators & drivers, managers. Employment in the area leans toward mining and education. The top ancestries reported are Aboriginal Australian, English, Australian.
Meekatharra has a median house price of $61,000, which has ticked up by 0.8% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 43.0%. The median monthly mortgage repayment is $650.
Meekatharra is served by 1 school, including 1 combined. The average ICSEA score is 672, which is well below the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Meekatharra shows a gross rental yield of approximately 43.0%, rated as high yield. Property prices sit below the state median ($61K/$951K), which can point to relative value. The price-to-income ratio of 0.9x is considered affordable. House prices have moved +0.8% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.