Spearwood WA

Postcode 6163 · Cockburn LGA

Spearwood is a well-established suburb in Western Australia within the Cockburn local government area (postcode 6163). With a population of 10,944, the suburb has an established demographic with a median age of 41. Households earn a median income of $75K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Italian.

The median house price in Spearwood is $700,000, having surged 19.7% over the past year. Units have a median price of $395,000 (+0.4% YoY). The current median weekly rent is $637. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,733.

Spearwood is served by 3 schools, including 3 primary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 60 bus stops. Healthcare facilities include 1 private hospital.

From an investment perspective, Spearwood offers a gross rental yield of 4.7%, rated as moderate yield. Property prices are near the state median ($700K/$951K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +19.7% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.7% Moderate Yield
Price vs State$700K/$951K Near Median
Affordability9.3x Moderate
Price Momentum+19.7% Rising
INCOME (ATO 2022-23)
Median Income$61,756
Mean Income$72,198
Earners7,792
YoY Change+4.7%
SEIFA INDEX (ABS)
Advantage4/10
Education4/10
Economic3/10
Disadvantage5/10
MEDIAN HOUSE
$700K
19.7% YoY
MEDIAN UNIT
$395K
0.4% YoY
MEDIAN RENT /WK
$350
POPULATION
10,944
DEMOGRAPHICS
Median Age41
Household Size2.3
HH Income /wk$1,448
Personal Income /wk$751
Mortgage /mth$1,733
TRANSPORT
Bus Stops60
SCHOOLS (3)
Avg ICSEA1017
Total Students508
Government3
Newton Primary SchoolPrimary · Government · ICSEA 1017
Spearwood Primary SchoolPrimary · Government · ICSEA 954
Spearwood Alternative SchoolPrimary · Government · ICSEA 1079
HOSPITALS (1)
Spearwood Dialysis Clinicprivate
Data: 2024