Willagee WA

Postcode 6156 · Melville LGA

Willagee is a mid-sized suburb in Western Australia within the Melville local government area (postcode 6156). With a population of 5,447, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $86K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.

The median house price in Willagee is $805,000, having grown strongly 9.2% over the past year. Units have a median price of $495,000 (+33.4% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,967.

Willagee is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 33 bus stops.

From an investment perspective, Willagee offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($805K/$951K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +9.2% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.5% Moderate Yield
Price vs State$805K/$951K Near Median
Affordability9.3x Moderate
Price Momentum+9.2% Rising
INCOME (ATO 2022-23)
Median Income$65,947
Mean Income$78,610
Earners3,476
YoY Change+7%
SEIFA INDEX (ABS)
Advantage3/10
Education8/10
Economic2/10
Disadvantage5/10
MEDIAN HOUSE
$805K
9.2% YoY
MEDIAN UNIT
$495K
33.4% YoY
MEDIAN RENT /WK
$283
POPULATION
5,447
DEMOGRAPHICS
Median Age37
Household Size2.3
HH Income /wk$1,660
Personal Income /wk$829
Mortgage /mth$1,967
TRANSPORT
Bus Stops33
SCHOOLS (2)
Avg ICSEA1000
Total Students560
Government2
Caralee Community SchoolPrimary · Government · ICSEA 1010
Fremantle Language Development CentreSpecial · Government · ICSEA 991
Data: 2024