Located in Western Australia within the Mundaring local government area, Swan View is a moderately sized suburb (postcode 6056). With a population of 7,889, the suburb has an established demographic with a median age of 44. Households earn a median income of $73K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% 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, professionals, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Swan View stand at $574,000, having surged by 23.3% over the last twelve months. Units have a median price of $325,000 (+5.7% YoY). The current median weekly rent is $635. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,647.
Swan View is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 912, which is below the national average of 1,000. Public transport access includes 77 bus stops.
Looking at the investment signals, Swan View shows a gross rental yield of approximately 5.8%, rated as high yield. Property prices sit below the state median ($574K/$951K), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +23.3% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.