Wokalup is a quiet locality in Western Australia within the Harvey local government area (postcode 6221). With a population of 255, the suburb has an established demographic with a median age of 39. Households earn a median income of $100K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.9% 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, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Italian.
Median house prices in Wokalup stand at $670,000, having risen steeply by 32.7% over the last twelve months. The median weekly rent is $293 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Wokalup is served by 1 school, including 1 secondary. The average ICSEA score is 1017, which is around the national average of 1,000.
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 ($670K/$1.0M), which can point to relative value. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +32.7% year-on-year. Population growth of +1.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.