Munster is a small, quiet locality in Western Australia within the Cockburn local government area (postcode 6166). The area has roughly 199 residents and an older-leaning population, with a median age of 49. Households earn a median income of $96K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.8% 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 professionals, technicians & trades, managers. Employment in the area leans toward manufacturing and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Munster is $1.3 million, having jumped by 89.6% over the past year. The median weekly rent is $330 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,798.
Public transport access includes 2 bus stops.
Looking at the investment signals, Gross rental yield sits at around 1.4% (low yield). Property prices are near the state median ($1.3M/$1.0M). The price-to-income ratio of 13.3x is considered stretched. House prices have moved +89.6% year-on-year. Population growth of +2.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.