Waroona is a smaller suburb in Western Australia within the Waroona local government area (postcode 6215). With a population of 2,868, the suburb has a mature demographic with a median age of 48. Households earn a median income of $66K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Italian.
The median house price in Waroona is $438,000, having surged 18.2% over the past year. Units have a median price of $299,000 (+30.6% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 5.3%. 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.
From an investment perspective, Waroona offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($438K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +18.2% year-on-year.
Waroona is a smaller suburb in Western Australia within the Waroona local government area (postcode 6215). With a population of 2,868, the suburb has a mature demographic with a median age of 48. Households earn a median income of $66K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Italian.
The median house price in Waroona is $438,000, having surged 18.2% over the past year. Units have a median price of $299,000 (+30.6% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 5.3%. 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.
From an investment perspective, Waroona offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($438K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +18.2% year-on-year.