York (postcode 6302) is a smaller residential area in Western Australia within the York local government area. The area has roughly 2,393 residents and a more retirement-aged population, with a median age of 56. Households earn a median income of $53K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in York stand at $360,000, having surged by 10.8% over the last twelve months. Units have a median price of $287,000. The current median weekly rent is $500. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,348.
York is served by 1 school, including 1 combined. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 2 bus stops.
On the investment side, The gross rental yield works out to roughly 7.2%, which reads as high yield. Property prices sit below the state median ($360K/$951K), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +10.8% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.