Narrogin (postcode 6312) is a compact suburb in Western Australia within the Narrogin local government area. With a population of 3,927, the suburb has an established demographic with a median age of 43. Households earn a median income of $64K per year, with an average household size of 2.2 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -1.1% 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, professionals, labourers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Narrogin is $250,000, having risen solidly by 8.7% over the past year. Units have a median price of $430,000. The current median weekly rent is $430. This gives a gross rental yield of approximately 8.9%. The median monthly mortgage repayment is $1,149.
Narrogin is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 946, which is below the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital.
On the investment side, Gross rental yield sits at around 8.9% (high yield). Property prices sit below the state median ($250K/$951K), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +8.7% year-on-year. Population growth of -1.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.