Mullaloo WA

Postcode 6027 · Joondalup LGA

Mullaloo is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6027). With a population of 6,190, the suburb has an established demographic with a median age of 41. Households earn a median income of $127K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.

The median house price in Mullaloo is $1.2 million, having surged 28.7% over the past year. Units have a median price of $600,000 (+33.3% YoY). The current median weekly rent is $772. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,383.

Mullaloo is served by 2 schools, including 2 primary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 28 bus stops.

From an investment perspective, Mullaloo offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($1.2M/$951K). The price-to-income ratio of 9.1x is considered moderate. House prices have moved +28.7% year-on-year.

INVESTMENT SIGNALS
Rental Yield3.5% Moderate Yield
Price vs State$1.2M/$951K Near Median
Affordability9.1x Moderate
Price Momentum+28.7% Rising
INCOME (ATO 2022-23)
Median Income$67,660
Mean Income$89,174
Earners8,466
YoY Change+5.8%
SEIFA INDEX (ABS)
Advantage10/10
Education9/10
Economic10/10
Disadvantage10/10
MEDIAN HOUSE
$1.2M
28.7% YoY
MEDIAN UNIT
$600K
33.3% YoY
MEDIAN RENT /WK
$470
POPULATION
6,190
DEMOGRAPHICS
Median Age41
Household Size2.8
HH Income /wk$2,447
Personal Income /wk$952
Mortgage /mth$2,383
TRANSPORT
Bus Stops28
SCHOOLS (2)
Avg ICSEA1074
Total Students530
Government2
Mullaloo Beach Primary SchoolPrimary · Government · ICSEA 1077
Mullaloo Heights Primary SchoolPrimary · Government · ICSEA 1070
Data: 2024