Piara Waters is a well-established suburb in Western Australia within the Armadale local government area (postcode 6112). With a population of 15,029, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $129K per year, with an average household size of 3.2 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Indian.
The median house price in Piara Waters is $731,000, having surged 19.5% over the past year. Units have a median price of $570,000 (+23.2% YoY). The current median weekly rent is $795. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $2,054.
Piara Waters is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1073, which is above the national average of 1,000. Public transport access includes 32 bus stops.
From an investment perspective, Piara Waters offers a gross rental yield of 5.7%, rated as high yield. Property prices are near the state median ($731K/$951K). The price-to-income ratio of 5.7x is considered affordable. House prices have moved +19.5% year-on-year.
Piara Waters is a well-established suburb in Western Australia within the Armadale local government area (postcode 6112). With a population of 15,029, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $129K per year, with an average household size of 3.2 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Indian.
The median house price in Piara Waters is $731,000, having surged 19.5% over the past year. Units have a median price of $570,000 (+23.2% YoY). The current median weekly rent is $795. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $2,054.
Piara Waters is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1073, which is above the national average of 1,000. Public transport access includes 32 bus stops.
From an investment perspective, Piara Waters offers a gross rental yield of 5.7%, rated as high yield. Property prices are near the state median ($731K/$951K). The price-to-income ratio of 5.7x is considered affordable. House prices have moved +19.5% year-on-year.