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ABS 2021 Census · Updated 21 May 2026
Waikiki is an outer-metropolitan suburb of Perth, Australia, with a population of approximately 12,453, making it a smaller community. Located approximately 42 km from the Perth CBD, Waikiki is a outer metro area in Western Australia. The median household income is $83,772 per year.
Moderate income levels in Waikiki indicate steady rental demand from working households. The outer location offers affordability but may see slower price appreciation.
Official Australia Post postcode for Waikiki. 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 3 schools within or near this suburb.
Find schools near Waikiki on My School →Estimated 5 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.
With 12,453 residents, Waikiki is one of Western Australia's more populous suburbs — roughly 2.2× the state median of 5,605 — giving it a deep buyer and tenant pool that typically supports higher transaction volumes and shorter average days on market. Household income of $83,772/year is 16% below the Western Australia median of $99,736, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Rent of $320/week (87% coverage of the $1,600/month median mortgage) leaves a gap of roughly $213/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 42 km from Perth, Waikiki is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
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 20% of household income — a useful sanity check on tenant affordability.
How Waikiki stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Waikiki sits above the state median; negative means below.
| Metric | Waikiki | WA median | Δ vs state |
|---|---|---|---|
| Population | 12,453 | 5,605 | +122% |
| Median household income | $83,772/yr | $99,736/yr | -16% |
| Median rent (weekly) | $320 | $350 | -9% |
| Median mortgage (monthly) | $1,600 | $1,902 | -16% |
| Distance to CBD | 42 km | 20 km | +110% |
| Separate houses | 91% | 79% | +12pp |
Pre-inspection briefing for Waikiki — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Waikiki's 12,453-person market and $83,772 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage: $320/week (~$1,387/month) covers 87% of the $1,600/month median mortgage repayment, so the shortfall sits at just $213/month. Investors targeting positive cash flow should shortlist this suburb.
A dwelling mix skewed to houses (91% vs 79% WA median) combined with a population of 12,453 creates a deeper market for value-add renovations — older stock, separate titles and stronger buyer competition are the usual pattern here.
Run the numbers on a Waikiki property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Waikiki are modest for 2026 — incomes 16% below the WA median of $99,736 suggest gains will lag headline metro markets. Rental coverage runs at ~87% of the typical mortgage ($1,387/month rent vs $1,600/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 56/100 places Waikiki 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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Waikiki scores 56/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 12,453, median household income of $83,772/year and median weekly rent of $320. 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 Waikiki are a median household income of $83,772/year, a dwelling mix that is 91% separate houses, roughly 3 schools and 5 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.
Waikiki has a usual resident population of approximately 12,453, 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.
Waikiki sits 42 km straight-line from the Perth CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $320 in Waikiki, equating to approximately $16,640/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 Waikiki is $1,600, or approximately $19,200/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 $320 works out to $1,387/month, covering 87% of the median mortgage repayment of $1,600/month. That leaves a $213/month shortfall (around $2,556/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 $1,600 median mortgage, below-median household incomes ($83,772 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.