Located in Western Australia within the Harvey local government area, Myalup is a sparsely populated locality (postcode 6220). With a population of 344, the suburb has an older-leaning population with a median age of 51. Households earn a median income of $77K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.9% 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, managers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Myalup stand at $660,000, having jumped by 22.9% over the last twelve months. The current median weekly rent is $211. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,343.
Public transport access includes 5 bus stops.
From an investment perspective, The gross rental yield works out to roughly 1.7%, which reads as low yield. Property prices sit below the state median ($660K/$1.0M), which can point to relative value. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +22.9% year-on-year. Population growth of +1.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.