Walpole is a quiet locality in Western Australia within the Manjimup local government area (postcode 6398). With a population of 429, the suburb has an older demographic with a median age of 59. Households earn a median income of $40K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 managers, professionals, technicians & trades. Employment in the area leans toward accommodation & food and public admin & safety. The top ancestries reported are English, Australian, Scottish.
Median house prices in Walpole stand at $623,000, having climbed sharply by 16.9% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $999.
Walpole is served by 1 school, including 1 primary. The average ICSEA score is 999, which is around the national average of 1,000. Public transport access includes 1 bus stop.
From an investment perspective, Walpole shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices sit below the state median ($623K/$1.0M), which can point to relative value. The price-to-income ratio of 15.7x is considered stretched. House prices have moved +16.9% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.