Pinjarra is a smaller suburb in Western Australia within the Murray local government area (postcode 6208). With a population of 4,914, the suburb has 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. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Pinjarra is $500,000, having surged 11.1% over the past year. Units have a median price of $216,000 (+9.9% YoY). The current median weekly rent is $517. This gives a gross rental yield of approximately 5.4%. 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.
From an investment perspective, Pinjarra offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($500K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +11.1% year-on-year.
Pinjarra is a smaller suburb in Western Australia within the Murray local government area (postcode 6208). With a population of 4,914, the suburb has 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. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Pinjarra is $500,000, having surged 11.1% over the past year. Units have a median price of $216,000 (+9.9% YoY). The current median weekly rent is $517. This gives a gross rental yield of approximately 5.4%. 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.
From an investment perspective, Pinjarra offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($500K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +11.1% year-on-year.