Mullaloo is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6027). It is home to about 6,190 residents, with an established demographic and a median age of 41. Households earn a median income of $127K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 professionals, technicians & trades, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Mullaloo has a median house price of $1.2 million, which has risen steeply by 28.7% year-on-year. Units have a median price of $600,000 (+33.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 4.0%. 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.
On the investment side, Mullaloo shows a gross rental yield of approximately 4.0%, 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. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.