Located in Western Australia within the Ashburton local government area, Tom Price is a smaller residential area (postcode 6751). With a population of 2,910, the suburb has a mix of families and early-career residents with a median age of 32. Households earn a median income of $163K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 machinery operators & drivers, technicians & trades, professionals. Employment in the area leans toward mining and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Tom Price has a median house price of $820,000, which has jumped by 19.7% year-on-year. The current median weekly rent is $625. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,200.
Tom Price is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 906, which is below the national average of 1,000. Healthcare facilities include 1 public hospital.
On the investment side, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices are near the state median ($820K/$1.0M). The price-to-income ratio of 5.0x is considered affordable. House prices have moved +19.7% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.