Ridgewood (postcode 6030) is a smaller residential area in Western Australia within the Wanneroo local government area. The area has roughly 4,623 residents and a mix of families and early-career residents, with a median age of 36. Households earn a median income of $81K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% 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 technicians & trades, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Ridgewood is $865,000, having climbed sharply by 20.1% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,760.
Public transport access includes 16 bus stops.
From an investment perspective, Gross rental yield sits at around 3.9% (moderate yield). Property prices are near the state median ($865K/$1.0M). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +20.1% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.