Located in Western Australia within the Joondalup local government area, Woodvale is a moderately sized suburb (postcode 6026). It is home to about 9,579 residents, with an established demographic and a median age of 43. Households earn a median income of $122K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 English, Australian, Irish.
The median house price in Woodvale is $883,000, having surged by 14.7% over the past year. Units have a median price of $475,000 (-6.9% YoY). The current median weekly rent is $802. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $2,167.
Woodvale is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 53 bus stops.
Looking at the investment signals, Woodvale shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices are near the state median ($883K/$951K). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +14.7% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.