Located in Western Australia within the Canning local government area, Willetton is an established suburb (postcode 6155). It is home to about 19,262 residents, with a settled mid-life population and a median age of 40. Households earn a median income of $113K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Chinese, English, Australian.
Willetton has a median house price of $1.1 million, which has climbed sharply by 20.8% year-on-year. Units have a median price of $682,000 (+14.7% YoY). The current median weekly rent is $797. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,100.
Willetton is served by 7 schools, including 4 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1096, which is above the national average of 1,000. Public transport access includes 90 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($1.1M/$951K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +20.8% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.