Located in Western Australia within the Augusta Margaret River local government area, Prevelly is a quiet locality (postcode 6285). It is home to about 205 residents, with a settled, mature resident base and a median age of 52. Households earn a median income of $81K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Prevelly stand at $1.6 million, having moved higher by 4.9% over the last twelve months. The median weekly rent is $423 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,733.
Looking at the investment signals, Gross rental yield sits at around 1.4% (low yield). Property prices are above the state median ($1.6M/$1.0M), placing it in the premium segment. The price-to-income ratio of 19.4x is considered stretched. House prices have moved +4.9% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.