Wembley (postcode 6014) is a settled mid-to-large suburb in Western Australia within the Cambridge local government area. With a population of 12,061, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K 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 +1.7% 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, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Wembley is $1.6 million, having risen steeply by 11.9% over the past year. Units have a median price of $353,000 (+17.5% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,458.
Wembley is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1094, which is above the national average of 1,000. Public transport access includes 1 rail station, 52 bus stops. Healthcare facilities include 5 private hospitals.
From an investment perspective, Wembley shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$951K), placing it in the premium segment. The price-to-income ratio of 15.2x is considered stretched. House prices have moved +11.9% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.