Preston Beach (postcode 6215) is a sparsely populated locality in Western Australia within the Waroona local government area. The area has roughly 268 residents and an older demographic, with a median age of 62. Households earn a median income of $44K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.4% 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, machinery operators & drivers, labourers. Employment in the area leans toward mining and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Preston Beach is $650,000, having surged by 23.8% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,138.
From an investment perspective, Preston Beach shows a gross rental yield of approximately 5.0%, rated as moderate yield. Property prices sit below the state median ($650K/$1.0M), which can point to relative value. The price-to-income ratio of 14.7x is considered stretched. House prices have moved +23.8% year-on-year. Population growth of +2.4% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.