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Waikiki, WA 6169
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$840,000
market range $775K-$950K
Median Unit
$620,000
market range $550K-$725K
Gross Yield (houses)
4.1%
1yr Growth (houses)
+20.1%
market range +12.5% to +25.0%
Investment snapshot for Waikiki
Waikiki has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Waikiki market and investor summary
In Waikiki, WA 6169, the median house sells for around $840K, on a gross rental yield of 4.1% for houses. House prices have moved +20.1% over the past year. At 2.1% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet.
Living in Waikiki: people, income and schools
Waikiki is home to around 12,453 people, and the area has been growing steadily, up about 7% over five years. At a median age of 39, it reads as broadly working-age, and 75% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $84,000 a year (about $1,610 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 10.0 times local household income, so affordability is a genuine constraint on local buyers.
Families have 32 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Waikiki sits about 42 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 12,453
- +7% over 5yr
- Median age
- 39 years
- Median household income
- $84,000/yr
- Households renting
- 23%
- Family households
- 74%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 32
- avg ICSEA 1017
- Unemployment
- 7.5%
- Distance to CBD
- 42 km
- Walk score
- 57/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Waikiki
View all →Frequently asked questions about Waikiki
What should I check before investing in Waikiki?
Waikiki has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +20.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Waikiki?
The median property price in Waikiki, WA 6169 is $840K for houses and $620K for units.
What rental yield does Waikiki show?
The gross rental yield in Waikiki is 4.1% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Waikiki?
House prices in Waikiki are up 20.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Waikiki?
The current vacancy rate in Waikiki is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Waikiki?
Waikiki has a population of approximately 12,453 residents, with a median age of 39.
What schools are near Waikiki?
There are 32 schools within roughly 5km of Waikiki. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Waikiki affordable to buy in?
A median house in Waikiki costs about 10.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Waikiki's population growing?
The population of Waikiki has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Waikiki from the CBD?
Waikiki is about 42 km from the CBD.
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