Watermans Bay (postcode 6020) is a small locality in Western Australia within the Stirling local government area. The area has roughly 1,369 residents and a mature demographic, with a median age of 49. Households earn a median income of $114K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 education and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Watermans Bay is $2.9 million, having risen steeply by 22.8% over the past year. The current median weekly rent is $800. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,934.
Public transport access includes 7 bus stops.
Looking at the investment signals, Watermans Bay shows a gross rental yield of approximately 1.5%, rated as low yield. Property prices are above the state median ($2.9M/$1.0M), placing it in the premium segment. The price-to-income ratio of 25.0x is considered stretched. House prices have moved +22.8% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.