Nedlands is a well-established suburb in Western Australia within the Nedlands local government area (postcode 6009). The area has roughly 10,561 residents and an established family demographic, with a median age of 42. Households earn a median income of $147K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
The median house price in Nedlands is $2.6 million, having risen solidly by 9.1% over the past year. Units have a median price of $865,000 (+8.1% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,347.
Nedlands is served by 2 schools, including 2 primary. The average ICSEA score is 1177, which is well above the national average of 1,000. Public transport access includes 74 bus stops. Healthcare facilities include 2 public and 2 private hospitals.
On the investment side, Nedlands shows a gross rental yield of approximately 1.5%, rated as low yield. Property prices are above the state median ($2.6M/$951K), placing it in the premium segment. The price-to-income ratio of 18.0x is considered stretched. House prices have moved +9.1% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.