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Suburb Insights ยท WA 6701

Coral Bay 6701, Western Australia

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Coral Bay is a regional centre in Western Australia, Australia, with a population of approximately 245, making it a boutique locality. Located approximately 1000 km from the Perth CBD, Coral Bay is a regional area in Western Australia. The median household income is $60,632 AUD per year (ABS 2021 Census).

Investment Score

25 / 100 Weak

Household earnings in Coral Bay are below the state average, which may affect long-term capital growth. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Coral Bay, Western Australia, Australia.

Key Indicators

Postcode
6701

Official Australia Post postcode for Coral Bay. A postcode may cover multiple suburbs.

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Population
245

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$160/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$60,632/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
1000 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$3,390/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
13% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Coral Bay serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $160/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $3,390/month. With only 13% separate houses, Coral Bay has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Capital growth in Coral Bay may be constrained โ€” consider alternative strategies.

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Rental Yield

Coral Bay's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Renovation or flip strategies in Coral Bay face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Coral Bay property

Full Property Analysis

30-year projections for Coral Bay

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Coral Bay is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Coral Bay's 2026 outlook. Coral Bay is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Coral Bay a good suburb for investment?

Coral Bay is a regional area in Western Australia with a population of 245. The median rent is $160/week and the median household income is $60,632/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Coral Bay?

Key demand drivers in Coral Bay include regional employment hubs, lifestyle, and affordability. 13% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Coral Bay?

According to the ABS 2021 Census, Coral Bay has a population of approximately 245. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Coral Bay from the Perth CBD?

Coral Bay is approximately 1000 km straight-line distance from the Perth CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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