Located in Western Australia within the Albany local government area, Wellstead is a quiet locality (postcode 6328). The area has roughly 78 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $69K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 managers, labourers, professionals. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Wellstead is $240,000, having risen steeply by 42.9% over the past year. The median weekly rent is $104 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $900.
Wellstead is served by 1 school, including 1 primary. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 1 bus stop.
From an investment perspective, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices sit below the state median ($240K/$1.0M), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +42.9% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.