Located in Western Australia within the Morawa local government area, Morawa is a sparsely populated locality (postcode 6623). It is home to about 459 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.9% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, community & personal service, professionals. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Morawa is $190,000, having posted strong gains by 8.6% over the past year. Units have a median price of $190,000 (+7.3% YoY). The current median weekly rent is $320. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $500.
Morawa is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 902, 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 8.8%, which reads as high yield. Property prices sit below the state median ($190K/$1.0M), which can point to relative value. The price-to-income ratio of 2.9x is considered affordable. House prices have moved +8.6% year-on-year. Population growth of +1.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.