Located in Western Australia within the Cockburn local government area, North Coogee is a smaller suburb (postcode 6163). The area has roughly 3,741 residents and a settled, mature resident base, with a median age of 46. Households earn a median income of $133K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.8% 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 education. The top ancestries reported are English, Australian, Scottish.
Median house prices in North Coogee stand at $1.6 million, having climbed sharply by 27% over the last twelve months. Units have a median price of $575,000 (-8.7% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,817.
Public transport access includes 10 bus stops.
Looking at the investment signals, Gross rental yield sits at around 2.5% (low yield). Property prices are above the state median ($1.6M/$951K), placing it in the premium segment. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +27.0% year-on-year. Population growth of +2.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.