Located in Western Australia within the Mukinbudin local government area, Mukinbudin is a small, quiet locality (postcode 6479). The area has roughly 336 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $63K per year, with an average household size of 2.1 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -1.2% 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, managers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
Mukinbudin has a median house price of $98,000, which has climbed sharply by 40% year-on-year. Units have a median price of $90,000. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 8.0%. The median monthly mortgage repayment is $778.
Mukinbudin is served by 1 school, including 1 combined. The average ICSEA score is 953, which is around the national average of 1,000.
On the investment side, Gross rental yield sits at around 8.0% (high yield). Property prices sit below the state median ($98K/$951K), which can point to relative value. The price-to-income ratio of 1.5x is considered affordable. House prices have moved +40.0% year-on-year. Population growth of -1.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.