Midland is a mid-sized suburb in Western Australia within the Swan local government area (postcode 6056). With a population of 6,335, the suburb has an established demographic with a median age of 39. Households earn a median income of $59K per year, with an average household size of 1.9 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Midland is $560,000, having surged 26.6% over the past year. Units have a median price of $370,000 (+16.1% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.1%. 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.
From an investment perspective, Midland offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($560K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +26.6% year-on-year.
Midland is a mid-sized suburb in Western Australia within the Swan local government area (postcode 6056). With a population of 6,335, the suburb has an established demographic with a median age of 39. Households earn a median income of $59K per year, with an average household size of 1.9 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Midland is $560,000, having surged 26.6% over the past year. Units have a median price of $370,000 (+16.1% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.1%. 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.
From an investment perspective, Midland offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($560K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +26.6% year-on-year.