Waroona is a compact suburb in Western Australia within the Waroona local government area (postcode 6215). With a population of 2,868, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $66K 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 +2.4% 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, machinery operators & drivers, labourers. Employment in the area leans toward manufacturing and mining. The top ancestries reported are English, Australian, Italian.
Median house prices in Waroona stand at $438,000, having surged by 18.2% over the last twelve months. Units have a median price of $299,000 (+30.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 6.5%. The median monthly mortgage repayment is $1,517.
Waroona is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 1 rail station, 5 bus stops.
Looking at the investment signals, Waroona shows a gross rental yield of approximately 6.5%, rated as high yield. Property prices sit below the state median ($438K/$951K), which can point to relative value. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +18.2% year-on-year. Population growth of +2.4% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.