Northam is a mid-sized suburb in Western Australia within the Northam local government area (postcode 6401). The area has roughly 6,679 residents and an established demographic, with a median age of 42. Households earn a median income of $65K 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 +2.5% 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, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Northam stand at $330,000, having surged by 20% over the last twelve months. Units have a median price of $190,000 (+18.8% YoY). The current median weekly rent is $515. This gives a gross rental yield of approximately 8.1%. The median monthly mortgage repayment is $1,300.
Northam is served by 6 schools, including 3 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 888, which is well below the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 8.1% (high yield). Property prices sit below the state median ($330K/$951K), which can point to relative value. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +20.0% year-on-year. Population growth of +2.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.