Stratton is a smaller residential area in Western Australia within the Swan local government area (postcode 6056). With a population of 3,267, the suburb has a blend of families and working-age professionals with a median age of 33. Households earn a median income of $73K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.0% 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 technicians & trades, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Stratton is $551,000, having surged by 24.8% over the past year. Units have a median price of $300,000. The current median weekly rent is $650. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,408.
Stratton is served by 1 school, including 1 primary. The average ICSEA score is 942, which is below the national average of 1,000. Public transport access includes 31 bus stops.
From an investment perspective, The gross rental yield works out to roughly 6.1%, which reads as high yield. Property prices sit below the state median ($551K/$951K), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +24.8% year-on-year. Population growth of +4.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.