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ABS 2021 Census · Updated 21 May 2026
Nickol is a regional centre in Western Australia, Australia, with a population of approximately 4,938, making it a boutique locality. Located approximately 1250 km from the Perth CBD, Nickol is a regional area in Western Australia. The median household income is $194,272 per year.
Above-average earnings in Nickol support sustained property values. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Official Australia Post postcode for Nickol. 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 Nickol 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.
4,938 residents places Nickol squarely in the middle of the Western Australia suburb size distribution (state median 5,605), with market depth comparable to most WA localities. Median household income of $194,272/year runs 95% above the Western Australia suburb median of $99,736, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median rent of $240/week (~$1,040/month) covers only 51% of the median mortgage of $2,021/month — the remaining $981/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. Nickol is 1250 km from Perth, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Regional property can deliver strong cash-flow yields but liquidity is tighter — plan for longer hold periods and verify local employment stability. Local rents consume roughly 6% of household income — a useful sanity check on tenant affordability.
How Nickol stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Nickol sits above the state median; negative means below.
| Metric | Nickol | WA median | Δ vs state |
|---|---|---|---|
| Population | 4,938 | 5,605 | -12% |
| Median household income | $194,272/yr | $99,736/yr | +95% |
| Median rent (weekly) | $240 | $350 | -31% |
| Median mortgage (monthly) | $2,021 | $1,902 | +6% |
| Distance to CBD | 1250 km | 20 km | +6150% |
| Separate houses | 73% | 79% | -6pp |
Pre-inspection briefing for Nickol — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Nickol's 4,938-person market and $194,272 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Weak cash flow: $240/week rent covers only 51% of the $2,021/month median mortgage — a $981/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
With 73% houses in a 4,938-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 Nickol property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Nickol are modest for 2026 — incomes 95% above the WA median of $99,736 and a population of 4,938 suggest gains will lag headline metro markets. Rental coverage runs at ~51% of the typical mortgage ($1,040/month rent vs $2,021/month repayment), meaning investors will rely on capital growth rather than yield. The EquitySight investment score of 58/100 places Nickol 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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Nickol scores 58/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 4,938, median household income of $194,272/year and median weekly rent of $240. 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 Nickol are an above-state-median household income of $194,272/year, a dwelling mix that is 73% 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.
Nickol has a usual resident population of approximately 4,938, compared with a Western Australia suburb median of 5,605 — placing it in the lower 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.
Nickol sits 1250 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 $240 in Nickol, equating to approximately $12,480/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 Nickol is $2,021, or approximately $24,252/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 $240 works out to $1,040/month, covering 51% of the median mortgage repayment of $2,021/month. That leaves a $981/month shortfall (around $11,772/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 a thin buyer pool (4,938 residents), interest-rate sensitivity on the $2,021 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.