North Lake (postcode 6163) is a small locality in Western Australia within the Cockburn local government area. With a population of 1,299, the suburb has an established demographic with a median age of 41. Households earn a median income of $127K 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Chinese.
Median house prices in North Lake stand at $1.4 million, having risen steeply by 31.1% over the last twelve months. The current median weekly rent is $925. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 4 bus stops.
From an investment perspective, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices are above the state median ($1.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.7x is considered stretched. House prices have moved +31.1% 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.