Midland is a moderately sized suburb in Western Australia within the Swan local government area (postcode 6056). The area has roughly 6,335 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $59K per year, with an average household size of 1.9 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 community & personal service, technicians & trades, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Midland is $560,000, having risen steeply by 26.6% over the past year. Units have a median price of $370,000 (+16.1% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,350.
Midland is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 886, which is well below the national average of 1,000. Public transport access includes 55 bus stops. Healthcare facilities include 1 public and 3 private hospitals.
Looking at the investment signals, Gross rental yield sits at around 5.6% (high yield). Property prices sit below the state median ($560K/$951K), which can point to relative value. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +26.6% 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.