Wellard is a well-established suburb in Western Australia within the Kwinana local government area (postcode 6170). With a population of 14,127, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $110K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Filipino.
The median house price in Wellard is $600,000, having surged 31.6% over the past year. Units have a median price of $380,000 (+26.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,902.
Wellard is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1026, which is around the national average of 1,000. Public transport access includes 3 tram stops, 39 bus stops.
From an investment perspective, Wellard offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($600K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +31.6% year-on-year.
Wellard is a well-established suburb in Western Australia within the Kwinana local government area (postcode 6170). With a population of 14,127, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $110K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Filipino.
The median house price in Wellard is $600,000, having surged 31.6% over the past year. Units have a median price of $380,000 (+26.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,902.
Wellard is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1026, which is around the national average of 1,000. Public transport access includes 3 tram stops, 39 bus stops.
From an investment perspective, Wellard offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($600K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +31.6% year-on-year.