Located in Western Australia within the Moora local government area, Moora is a small locality (postcode 6510). It is home to about 1,755 residents, with an established family demographic and a median age of 42. Households earn a median income of $71K per year, with an average household size of 2.3 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.8% 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, labourers, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Moora has a median house price of $200,000, which has risen modestly by 2% year-on-year. Units have a median price of $340,000. The current median weekly rent is $415. This gives a gross rental yield of approximately 10.8%. The median monthly mortgage repayment is $1,016.
Moora is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 905, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, The gross rental yield works out to roughly 10.8%, which reads as high yield. Property prices sit below the state median ($200K/$951K), which can point to relative value. The price-to-income ratio of 2.8x is considered affordable. House prices have moved +2.0% year-on-year. Population growth of -0.8% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.