South Perth (postcode 6151) is an established suburb in Western Australia within the South Perth local government area. It is home to about 12,596 residents, with an established demographic and a median age of 42. Households earn a median income of $105K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in South Perth is $1.4 million, having risen solidly by 5.8% over the past year. Units have a median price of $575,000 (+10.6% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,200.
South Perth is served by 4 schools, including 3 primary, 1 combined. The average ICSEA score is 1122, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 76 bus stops. Healthcare facilities include 2 private hospitals.
Looking at the investment signals, Gross rental yield sits at around 3.0% (moderate yield). Property prices are above the state median ($1.4M/$951K), placing it in the premium segment. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +5.8% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.