Coral Bay is a small, quiet locality in Western Australia within the Carnarvon local government area (postcode 6701). It is home to about 245 residents, with a mix of young professionals and families and a median age of 33. Households earn a median income of $61K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 community & personal service, labourers, managers. Employment in the area leans toward accommodation & food and transport & logistics. The top ancestries reported are English, Australian, Irish.
Coral Bay has a median house price of $1.5 million, which has edged higher by 1.7% year-on-year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $3,390.
On the investment side, Coral Bay shows a gross rental yield of approximately 0.6%, rated as low yield. Property prices are above the state median ($1.5M/$1.0M), placing it in the premium segment. The price-to-income ratio of 24.7x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.