Located in Western Australia within the Murray local government area, Pinjarra is a compact suburb (postcode 6208). The area has roughly 4,914 residents and an established demographic, with a median age of 43. Households earn a median income of $59K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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, machinery operators & drivers, labourers. Employment in the area leans toward manufacturing and mining. The top ancestries reported are English, Australian, Scottish.
Pinjarra has a median house price of $500,000, which has risen steeply by 11.1% year-on-year. Units have a median price of $216,000 (+9.9% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,517.
Pinjarra is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 1 rail station, 43 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 5.7% (high yield). Property prices sit below the state median ($500K/$951K), which can point to relative value. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +11.1% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.