Success is a settled mid-to-large suburb in Western Australia within the Cockburn local government area (postcode 6164). It is home to about 11,340 residents, with a mix of families and early-career residents and a median age of 34. Households earn a median income of $112K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.8% 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Chinese.
Success has a median house price of $686,000, which has risen steeply by 13.4% year-on-year. Units have a median price of $410,000 (+15.5% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,950.
Success is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 4 tram stops, 50 bus stops.
On the investment side, The gross rental yield works out to roughly 5.9%, which reads as high yield. Property prices are near the state median ($686K/$951K). The price-to-income ratio of 6.1x is considered moderate. House prices have moved +13.4% year-on-year. Population growth of +2.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.