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. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in Willagee stand at $805,000, having risen solidly by 9.2% over the last twelve months. Units have a median price of $495,000 (+33.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.8%. 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.
Looking at the investment signals, The gross rental yield works out to roughly 4.8%, which reads 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. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.