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ABS 2021 Census · Updated 21 May 2026
Golden Bay is an outer-metropolitan suburb of Perth, Australia, with a population of approximately 5,681, making it a smaller community. Located approximately 54 km from the Perth CBD, Golden Bay is a outer metro area in Western Australia. The median household income is $98,332 per year.
Golden Bay benefits from a high-income resident base, supporting premium property pricing. While further from the city, improving transport links could boost future demand.
Official Australia Post postcode for Golden Bay. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Golden Bay on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
5,681 residents places Golden Bay squarely in the middle of the Western Australia suburb size distribution (state median 5,605), with market depth comparable to most WA localities. At $98,332/year, household income in Golden Bay is within 1% of the Western Australia median ($99,736), placing the suburb firmly in the state's mainstream demographic band. Rent of $350/week (85% coverage of the $1,777/month median mortgage) leaves a gap of roughly $260/month that a typical investor bridges with negative gearing, depreciation and capital growth. Golden Bay is 54 km from Perth, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
This suburb suits long-term investors due to steady population growth and affordable entry prices. Look for established streets close to schools and shops rather than raw new-estate land. Local rents consume roughly 19% of household income — a useful sanity check on tenant affordability.
How Golden Bay stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Golden Bay sits above the state median; negative means below.
| Metric | Golden Bay | WA median | Δ vs state |
|---|---|---|---|
| Population | 5,681 | 5,605 | +1% |
| Median household income | $98,332/yr | $99,736/yr | -1% |
| Median rent (weekly) | $350 | $350 | 0% |
| Median mortgage (monthly) | $1,777 | $1,902 | -7% |
| Distance to CBD | 54 km | 20 km | +170% |
| Separate houses | 88% | 79% | +9pp |
Pre-inspection briefing for Golden Bay — every item is derived from public datasets, with full citations in our data sources page.
Solid buy-and-hold profile: a population of 5,681 and household income close to the WA median ($98,332 vs $99,736) give the market enough depth for patient capital growth without the premium entry price of inner suburbs.
Strong rental coverage: $350/week (~$1,517/month) covers 85% of the $1,777/month median mortgage repayment, so the shortfall sits at just $260/month. Investors targeting positive cash flow should shortlist this suburb.
With 88% houses in a 5,681-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Golden Bay property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Golden Bay should track the wider Western Australia market through 2026, with the $98,332/year median household income (close to the $99,736 state median) keeping the suburb firmly mid-pack. Rental coverage runs at ~85% of the typical mortgage ($1,517/month rent vs $1,777/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 57/100 places Golden Bay in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Golden Bay scores 57/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 5,681, median household income of $98,332/year and median weekly rent of $350. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Golden Bay are a median household income of $98,332/year, a dwelling mix that is 88% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Golden Bay has a usual resident population of approximately 5,681, compared with a Western Australia suburb median of 5,605 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Golden Bay sits 54 km straight-line from the Perth CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $350 in Golden Bay, equating to approximately $18,200/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Golden Bay is $1,777, or approximately $21,324/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $350 works out to $1,517/month, covering 85% of the median mortgage repayment of $1,777/month. That leaves a $260/month shortfall (around $3,120/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,777 median mortgage, the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.