Caversham

Caversham lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

The population of the Caversham statistical area (Lv2) was estimated to be around 8,892 as of Nov 2025. This figure reflects an increase of 1,473 people since the 2021 Census, which reported a population of 7,419. The change is inferred from AreaSearch's estimate of 8,830 residents following examination of ABS ERP data release in June 2024 and validation of an additional 125 new addresses since the Census date. This level of population results in a density ratio of 756 persons per square kilometer. Caversham's growth of 19.9% since the 2021 census exceeded both national (9.7%) and state averages, making it a growth leader in the region. Interstate migration contributed approximately 39.0% of overall population gains during recent periods, with all drivers including natural growth and overseas migration being positive factors.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area as released in 2024 using 2022 as the base year. For areas not covered by this data, AreaSearch utilises ABS Greater Capital Region projections released in 2023 based on 2022 data to estimate growth post-2032. Population projections indicate an above median growth for statistical areas across the nation, with Caversham expected to increase by 1,685 persons to 2041, reflecting a gain of 15.0% in total over the 17 years.

Recent residential development output has been above average within Caversham when compared nationally

AreaSearch analysis of ABS building approval numbers shows Caversham averaged around 61 new dwelling approvals annually. Between FY-21 and FY-25, approximately 306 homes were approved, with a further 19 approved in FY-26. On average, 4.2 new residents per year arrived per dwelling constructed over the past five financial years.

This significant demand exceeds supply, typically leading to price growth and increased buyer competition. Developers target the premium market segment, with new dwellings valued at an average of $518,000. In FY-26, there have been $11.1 million in commercial approvals, indicating moderate levels of commercial development.

Compared to Greater Perth, Caversham has about two-thirds the rate of new dwelling approvals per person and ranks among the 37th percentile nationally, offering limited choices for buyers and supporting demand for existing properties. Recent construction comprises 96.0% detached dwellings and 4.0% townhouses or apartments, maintaining the area's traditional low density character focused on family homes. The estimated population of 455 people per dwelling approval reflects its quiet, low activity development environment. Looking ahead, Caversham is projected to grow by 1,335 residents through to 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Caversham has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 15 projects that may impact the area. Notable ones include Bushmead Estate by Cedar Woods, The Avenues Caversham, Dayton Central by LWP Property Group, and Caversham Valley Primary School Expansion. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment environment in Caversham shows above-average strength when compared nationally

Caversham has an educated workforce with strong representation in manufacturing and industrial sectors. Its unemployment rate is 3.6%.

Over the past year, estimated employment growth was 1.9%, based on AreaSearch aggregation of statistical area data. As of September 2025, 4,966 residents are employed while the unemployment rate is 0.3% below Greater Perth's rate of 4.0%. Workforce participation in Caversham is 72.7%, compared to Greater Perth's 65.2%. Employment is concentrated in health care & social assistance, construction, and retail trade.

The area has a high specialization in transport, postal & warehousing, with an employment share of 1.5 times the regional level. Conversely, education & training shows lower representation at 7.1% versus the regional average of 9.2%. Over the 12 months to September 2025, employment increased by 1.9% while labour force increased by 2.4%, causing unemployment to rise by 0.5 percentage points. By comparison, Greater Perth recorded employment growth of 2.9%. State-level data to 25-Nov shows WA employment contracted by 0.27%, with the state unemployment rate at 4.6% compared to the national rate of 4.3%. National employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Caversham's employment mix suggests local employment should increase by 6.2% over five years and 13.2% over ten years.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The suburb of Caversham had a median taxpayer income of $71,506 and an average income of $85,115 in the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. These figures were among the highest in Australia, contrasting with Greater Perth's median income of $60,748 and average income of $80,248 during the same period. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates for Caversham would be approximately $78,385 (median) and $93,303 (average) as of September 2025. Census data reveals that household, family and personal incomes in Caversham all rank highly nationally, between the 77th and 81st percentiles. The data shows that the $1,500 - 2,999 earnings band captures 41.3% of the community (3,672 individuals), which is consistent with broader trends across regional levels showing 32.0% in the same category. High housing costs consume 16.3% of income in Caversham, though strong earnings still place disposable income at the 80th percentile nationally. The area's SEIFA income ranking places it in the 6th decile.

Caversham is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

Caversham's housing structure, as per the latest Census report, consists of 94.1% houses and 5.9% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In comparison, Perth metro has a higher percentage of other dwellings at 10.9%. Home ownership in Caversham stands at 17.6%, with the majority of dwellings either mortgaged (65.8%) or rented (16.6%). The median monthly mortgage repayment in Caversham is $2,000, which is higher than Perth metro's average of $1,842 and the national average of $1,863. The median weekly rent figure for Caversham is $390, exceeding both Perth metro's $340 and the national average of $375.

Caversham features high concentrations of family households, with a higher-than-average median household size

Family households account for 81.7% of all households, including 47.5% couples with children, 23.8% couples without children, and 9.2% single parent families. Non-family households make up the remaining 18.3%, consisting of 16.0% lone person households and 2.6% group households. The median household size is 3.0 people, which is larger than the Greater Perth average of 2.8.

The educational profile of Caversham exceeds national averages, with above-average qualification levels and academic performance metrics

The area's educational profile is notable regionally, with university qualification rates of 28.0% among residents aged 15+, surpassing the SA3 area average of 19.7% and the SA4 regional rate of 24.3%. Bachelor degrees are most prevalent at 19.3%, followed by postgraduate qualifications (6.0%) and graduate diplomas (2.7%). Vocational credentials are prominent, with 37.9% of residents aged 15+ holding them, including advanced diplomas (12.0%) and certificates (25.9%).

Educational participation is high at 31.3%, comprising 12.7% in primary education, 7.1% in secondary education, and 4.5% pursuing tertiary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Caversham's public transport analysis shows 32 active stops operating within the area, all of which are bus stops. These stops are served by three different routes that together facilitate 784 weekly passenger trips. The accessibility of transport in Caversham is rated as good, with residents on average located 252 meters from their nearest stop.

On average, there are 112 trips per day across all routes, which translates to approximately 24 weekly trips per individual stop.

Caversham's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Caversham's health outcomes show remarkable results, with younger age groups having a very low prevalence of common health conditions. The rate of private health cover is notably high at approximately 61% of the total population (5,423 people), compared to Greater Perth's 55.3%. Nationally, this figure stands at 55.7%.

Asthma and mental health issues are the most prevalent medical conditions in Caversham, affecting 6.9% and 6.2% of residents respectively. Conversely, 77.2% of residents report being completely free from medical ailments, compared to Greater Perth's 72.6%. The area has 9.5% of residents aged 65 and over (844 people), which is lower than the 12.6% in Greater Perth. However, health outcomes among seniors require more attention than those in the broader population.

Caversham was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Caversham's cultural diversity is notable, with 32.9% speaking a language other than English at home and 39.2% born overseas. Christianity is the predominant religion, accounting for 45.6%. Hinduism stands out at 7.7%, higher than Greater Perth's 3.4%.

In terms of ancestry, the top groups are English (21.2%), Australian (20.2%), and Other (17.5%). Notably, Filipino (4.1%) Croatian (1.3%), and Indian (6.5%) populations exceed regional averages by significant margins.

Caversham's young demographic places it in the bottom 15% of areas nationwide

Caversham has a median age of 33, which is younger than Greater Perth's figure of 37 and significantly lower than Australia's median age of 38. Compared to Greater Perth, Caversham has a higher proportion of residents aged 35-44 (20.4%), but fewer residents aged 65-74 (5.8%). This concentration of 35-44 year-olds is notably higher than the national average of 14.2%. Between the 2021 Census and the present, Caversham's 35 to 44 age group has increased from 18.6% to 20.4% of its population. Conversely, the 25 to 34 age group has decreased from 17.3% to 14.7%, and the 0 to 4 age group has dropped from 10.1% to 9.0%. Population forecasts for Caversham indicate substantial demographic changes by 2041. The 45 to 54 age cohort is projected to grow significantly, adding 365 residents to reach a total of 1,441. However, both the 0 to 4 and 5 to 14 age groups are expected to decrease in number.