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.
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.