Located in Western Australia within the Kwinana local government area, Wellard is a well-established suburb (postcode 6170). The area has roughly 14,127 residents and a predominantly early-career demographic, with a median age of 31. Households earn a median income of $110K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.6% 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, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Filipino.
Wellard has a median house price of $600,000, which has surged by 31.6% year-on-year. Units have a median price of $380,000 (+26.7% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 6.0%. 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.
On the investment side, Gross rental yield sits at around 6.0% (high yield). Property prices sit below the state median ($600K/$951K), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +31.6% year-on-year. Population growth of +4.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.