Waikiki (postcode 6169) is a settled mid-to-large suburb in Western Australia within the Rockingham local government area. With a population of 12,453, the suburb has an established demographic with a median age of 39. Households earn a median income of $84K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.2% 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 technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Waikiki stand at $820,000, having risen steeply by 18.8% over the last twelve months. Units have a median price of $450,000 (+40.6% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,600.
Waikiki is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 42 bus stops. Healthcare facilities include 1 private hospital.
Looking at the investment signals, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($820K/$1.0M). The price-to-income ratio of 9.8x is considered moderate. House prices have moved +18.8% year-on-year. Population growth of +3.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.