Wembley Downs is a moderately sized suburb in Western Australia within the Stirling local government area (postcode 6019). The area has roughly 6,743 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $137K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Wembley Downs is $1.6 million, having risen steeply by 13.5% over the past year. Units have a median price of $502,000 (-0.6% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,762.
Wembley Downs is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 38 bus stops.
On the investment side, Gross rental yield sits at around 3.0% (low yield). Property prices are above the state median ($1.6M/$951K), placing it in the premium segment. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +13.5% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.