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ABS 2021 Census · Updated 21 May 2026
North Lake Grace is a regional centre in Western Australia, Australia, with a population of approximately 23, making it a boutique locality. Located approximately 272 km from the Perth CBD, North Lake Grace is a regional area in Western Australia. The median household income is $71,500 per year.
Lower income levels in North Lake Grace typically translate to more affordable entry points for investors. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Official Australia Post postcode for North Lake Grace. 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 North Lake Grace on My School →Estimated 1 park 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.
North Lake Grace is a smaller community of 23 — about 0% of the Western Australia suburb median (5,605) — so investors should factor in the narrower buyer pool and longer average time-on-market. North Lake Grace's median household income of $71,500/year is 28% below the Western Australia suburb median ($99,736) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. North Lake Grace is 272 km from Perth, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
How North Lake Grace stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean North Lake Grace sits above the state median; negative means below.
| Metric | North Lake Grace | WA median | Δ vs state |
|---|---|---|---|
| Population | 23 | 5,605 | -100% |
| Median household income | $71,500/yr | $99,736/yr | -28% |
| Median mortgage (monthly) | $2,383 | $1,902 | +25% |
| Distance to CBD | 272 km | 20 km | +1260% |
| Separate houses | 91% | 79% | +12pp |
Pre-inspection briefing for North Lake Grace — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 23 means liquidity is thin and capital growth tends to lag the wider Western Australia market over full cycles.
Median rental data was not captured for North Lake Grace. Use current realestate.com.au and Domain listings to triangulate a realistic weekly rent before committing, then feed that number into our rental yield calculator.
With 91% houses in a 23-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 North Lake Grace property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for North Lake Grace are modest for 2026 — incomes 28% below the WA median of $99,736 and a population of 23 suggest gains will lag headline metro markets. Rental fundamentals will need to be verified against live listings, as a clean median rent was not recorded for North Lake Grace. The EquitySight investment score of 32/100 places North Lake Grace in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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North Lake Grace scores 32/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 23, median household income of $71,500/year. 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 North Lake Grace are a median household income of $71,500/year, a dwelling mix that is 91% separate houses, roughly 1 schools and 1 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.
North Lake Grace has a usual resident population of approximately 23, 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.
North Lake Grace sits 272 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.
A reliable median rent was not captured for North Lake Grace. Benchmark expected weekly rent on realestate.com.au and Domain, or the state rental tribunal's rent dashboard. Most Australian investors target a 4–5% gross yield as a baseline.
The median monthly mortgage repayment in North Lake Grace is $2,383, or approximately $28,596/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.
Census data was not complete enough in North Lake Grace to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
The main risks are a thin buyer pool (23 residents), interest-rate sensitivity on the $2,383 median mortgage, below-median household incomes ($71,500 vs $99,736 state median), 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.