Padbury is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6025). With a population of 8,626, the suburb has an established family demographic with a median age of 38. Households earn a median income of $107K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Padbury stand at $825,000, having surged by 18.7% over the last twelve months. Units have a median price of $590,000 (+23.6% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,000.
Padbury is served by 7 schools, including 4 primary, 3 special. The average ICSEA score is 1042, which is around the national average of 1,000. Public transport access includes 50 bus stops.
From an investment perspective, Padbury shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices are near the state median ($825K/$951K). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +18.7% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.