The Vines (postcode 6069) is a medium-sized suburb in Western Australia within the Swan local government area. It is home to about 5,848 residents, with an established family demographic and a median age of 39. Households earn a median income of $134K per year, with an average household size of 3.1 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The Vines has a median house price of $800,000, which has risen steeply by 14.9% year-on-year. Units have a median price of $453,000 (+7.1% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $2,300.
Public transport access includes 3 bus stops.
On the investment side, The gross rental yield works out to roughly 5.4%, which reads as high yield. Property prices are near the state median ($800K/$951K). The price-to-income ratio of 6.0x is considered affordable. House prices have moved +14.9% 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.