Located in Western Australia within the Mundaring local government area, Mundaring is a compact suburb (postcode 6073). With a population of 3,190, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $92K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% 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 education and healthcare. The top ancestries reported are English, Australian, Scottish.
Mundaring has a median house price of $823,000, which has surged by 21% year-on-year. Units have a median price of $515,000 (+6.2% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,000.
Mundaring is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1040, which is around the national average of 1,000. Public transport access includes 2 rail stations, 32 bus stops.
Looking at the investment signals, Gross rental yield sits at around 3.6% (moderate yield). Property prices are near the state median ($823K/$951K). The price-to-income ratio of 8.9x is considered moderate. House prices have moved +21.0% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.