Carey Park (postcode 6230) is a moderately sized suburb in Western Australia within the Bunbury local government area. With a population of 5,155, the suburb has an established family demographic with a median age of 40. 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 +1.1% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Carey Park stand at $600,000, having surged by 20% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,261.
Carey Park is served by 1 school, including 1 primary. The average ICSEA score is 900, which is below the national average of 1,000. Public transport access includes 52 bus stops.
From an investment perspective, The gross rental yield works out to roughly 5.0%, which reads as high yield. Property prices sit below the state median ($600K/$1.0M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +20.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.