Muluckine (postcode 6401) is a quiet locality in Western Australia within the Northam local government area. It is home to about 209 residents, with an older-leaning population and a median age of 45. Households earn a median income of $58K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.5% 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 technicians & trades, sales, community & personal service. Employment in the area leans toward retail trade and construction. The top ancestries reported are English, Australian, German.
Median house prices in Muluckine stand at $465,000, having risen steeply by 19.2% over the last twelve months. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,045.
On the investment side, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices sit below the state median ($465K/$1.0M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +19.2% year-on-year. Population growth of +2.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.