Winthrop (postcode 6150) is a mid-sized suburb in Western Australia within the Melville local government area. It is home to about 6,020 residents, with a mature demographic and a median age of 45. Households earn a median income of $121K per year, with an average household size of 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are Chinese, English, Australian.
Winthrop has a median house price of $1.4 million, which has surged by 12.5% year-on-year. Units have a median price of $580,000. The current median weekly rent is $990. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,317.
Winthrop is served by 1 school, including 1 primary. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 37 bus stops.
From an investment perspective, Gross rental yield sits at around 3.7% (moderate yield). Property prices are above the state median ($1.4M/$951K), placing it in the premium segment. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +12.5% 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.