Perth (postcode 6000) is a well-established suburb in Western Australia within the Perth local government area. With a population of 13,670, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $102K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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, community & personal service. Employment in the area leans toward professional services and accommodation & food. The top ancestries reported are English, Australian, Chinese.
Median house prices in Perth stand at $1.2 million, having risen steeply by 29.4% over the last twelve months. Units have a median price of $479,000 (+14% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Perth is served by 2 schools, including 2 secondary. The average ICSEA score is 1130, which is well above the national average of 1,000. Public transport access includes 6 rail stations, 2 ferry wharfves, 100 bus stops. Healthcare facilities include 1 public and 2 private hospitals.
Looking at the investment signals, Perth shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($1.2M/$951K). The price-to-income ratio of 11.6x is considered stretched. House prices have moved +29.4% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.