North Perth is a mid-sized suburb in Western Australia within the Vincent local government area (postcode 6006). It is home to about 9,623 residents, with an established demographic and a median age of 38. Households earn a median income of $121K 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 +1.6% 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 professional services and healthcare. The top ancestries reported are English, Australian, Italian.
The median house price in North Perth is $1.3 million, having surged by 26.9% over the past year. Units have a median price of $525,000 (+7.1% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,473.
North Perth is served by 2 schools, including 2 primary. The average ICSEA score is 1134, which is well above the national average of 1,000. Public transport access includes 49 bus stops.
Looking at the investment signals, North Perth shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are above the state median ($1.3M/$951K), placing it in the premium segment. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +26.9% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.