Myalup (WA 6220) in Focus 2026: Is It a Good Investment? R-Score 100/100, 10.2% Yield & Best Streets

Market Classification: High-Yield & Momentum Sweet Spot · R-Score: 100/100 (National Rank #109 of 15,286) · Street Average: 100/100 across 31 streets.

In a 6%+ interest rate environment, most Australian suburbs force investors to choose between capital growth momentum and holding cashflow. Myalup is one of the rare markets in WA currently delivering both: a 100/100 R-Score paired with a 10.2% gross rental yield at a $435,000 median price. That yield profile preserves bank borrowing serviceability so investors can sequence their next acquisition without a punishing cashflow deficit.

“I would not treat the 10.2% gross yield as a complete answer here. With vacancy at 5% and a 160-day median selling period, I’d be checking the specific street, tenant depth and likely resale audience before paying a premium for the income story.”

Looking for the live, monthly-updated numbers? The Myalup (WA) suburb profile tracks the current median house price, rent, vacancy and R-Score, and the Myalup street-by-street scores rank every street. This article is our investment analysis of what those numbers mean.

Below is our full September 2026 quantitative and street-level breakdown for Myalup (WA 6220), combining 36 months of settled price and rental history from our Aurora research warehouse, council-level supply and employment data for Harvey (WA), and block-by-block ABS 2021 Census SA1 tenure and yield rankings across 463 residential addresses.

1. Myalup (WA) 3-Year Market Trajectory & 27-Indicator R-Score (September 2026)

As of September 2026, Myalup records a settled median house price of $435,000. On the rental side, median weekly asking rents moved +61.9% over the past year to $850/wk, equating to a 10.2% gross rental yield. Compared with 12 months ago—when Myalup carried an R-Score of 100/100—its current composite R-Score of 100/100 represents a +0-point shift in underlying market pressure.

Indicator / R-Score Pillar	Myalup (WA) Current	12-Month / 36-Month Context
Composite Suburb R-Score	100 / 100	Ranked #109 of 15,286 suburbs (was 100/100 12m ago)
Median House Price	$435,000	12m change: -5.8%
Median Weekly Rent & Gross Yield	$850/wk (10.2%)	12m rent change: +61.9%
Rental Vacancy & Days on Market	5% vacancy	Median selling time: 160 days on market (1.5% vacancy is the tight-market line)
Pillar 1: Buyer Demand	39 / 100	Measures days-on-market compression, vendor discounting & sales velocity
Pillar 2: Supply & Ownership	71 / 100	Measures stock on market, building approvals vs stock & owner-occupier share
Pillar 3: Price Momentum	56 / 100	Measures short/medium-term price velocity vs Harvey & WA
Pillar 4: Yield Pressure	65 / 100	Measures gross rental yield, rent trajectory & vacancy compression

2. The “Two-Speed Suburb” Test: Best & Worst Streets in Myalup (WA)

Why do two 4-bedroom houses in Myalup achieve completely different bank valuations and tenant quality? Because suburb medians blend every pocket together. When we map all 463 addresses across 31 streets in Myalup through G-NAF to their ABS 2021 Census SA1 blocks, the suburb splits into three distinct tiers:

• Strong Street Profile (Score 75–100): 18 streets (100% of scored streets) pass both ABS Census tenure tests (owner-occupiers >65% and public housing ≤5%) plus at least one—or both—of the Myalup rent and yield benchmarks.
• Mid / Mixed Street Profile (Score 50–74): 0 streets pass the core owner-occupier and public-housing thresholds but sit below the suburb median on weekly rent or yield.
• Weaker / Caution Street Profile (Score 0–25): 0 streets fail one or both census tenure thresholds—meaning either owner-occupation sits at or below 65% or state/community public housing exceeds 5% on those specific SA1 blocks.

Top 5 Highest-Scoring Streets in Myalup (WA)

These streets sit in SA1 census blocks with high homeowner pride of ownership, minimal social housing concentration, and strong block-level rents (inspect all 31 streets in Myalup):

Top Street in Myalup	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Rent & Yield
#1 Rigg Road	100/100	81	69%	0%	$35000/wk (572.3%)
#2 Lake Preston Road	100/100	74	69%	0%	$35000/wk (572.3%)
#3 Myalup Beach Road	100/100	36	69%	0%	$35000/wk (572.3%)
#4 Forrest Highway	100/100	30	69%	0%	$35000/wk (572.3%)
#5 Aubrey Road	100/100	26	69%	0%	$35000/wk (572.3%)

3. Economic & Supply Drivers in Harvey Council (Western Australia)

Myalup sits within the Harvey Local Government Area, which has a residential population of approximately 32,208 (+6.6% population movement over the past 3 years) and 10,977 total dwellings. Three council-level fundamentals shape Myalup’s medium-term outlook:

• Local Employment Diversity (ABS Census): The largest employment sectors across Harvey are Manufacturing (22%), Education and Training (14%), Retail Trade (10%), Agriculture, Forestry and Fishing (9%). Multi-sector employment reduces reliance on any single employer or commodity cycle.
• New Building Approvals vs. Existing Stock: Over the latest 12-month financial year, Harvey approved 1.4% new dwelling stock (~156 dwellings). Because annual additions sit under 1.8% of stock, incoming supply is constrained relative to tenant and buyer demand.
• Tracked Infrastructure Pipeline: Harvey currently has $1.4 billion in tracked major infrastructure projects (placing it in the 47th percentile of Australian councils).

4. Worked Cashflow, Deposit & 80% LVR Stress-Test for Myalup (September 2026)

What does it actually cost to acquire and hold a typical house in Myalup at today’s median price of $435,000 and median rent of $850/wk? Below is the baseline 80% Loan-to-Value Ratio (LVR) model we use to stress-test serviceability before shortlisting a property:

Cashflow & Capital Item	Myalup Worked Figure	Assumptions & Notes
Purchase Price (Suburb Median)	$435,000	Settled house median as of September 2026
20% Deposit + Est. Stamp Duty & Costs	$107,880	$87,000 deposit (80% LVR) + ~$20,880 stamp duty, legal & inspection allowance (can be funded via usable home equity)
80% LVR Loan Amount	$348,000	Standard no-LMI investor loan threshold
Gross Annual Rental Income	$44,200/yr ($850/wk)	10.2% gross rental yield before vacancies and expenses
Est. Annual Interest + Operating Costs	$26,535/yr	Assumes 6.25% interest-only ($21,750/yr) + ~1.1% for council rates, insurance & property management ($4,785/yr)
Pre-Tax Weekly Cashflow Position	+$340/wk surplus	Before tax deductions / depreciation (confirm post-tax position with your accountant)

5. Who Should Buy in Myalup—And 3 Rules Before You Make an Offer

Rare Convergence of 5%+ Gross Rental Yield and Top-Quartile Demand. Based on our September 2026 data, Myalup is best suited to first-time property investors, homeowners unlocking $150k–$250k in equity, and second/third property buyers who need strong rental yield (10.2%) to preserve bank borrowing capacity while capturing capital growth.

1. Never Buy Blind on the Suburb Median: In Myalup, 0 streets score below 50/100 on our census tenure and yield tests. Always run the exact street through the Myalup Street Score Hub and target the 18 streets scoring 75–100/100.
2. Check Lot-Level Overlays (Flood, Bushfire, Slope & Easements): Even on a 100/100 streetlike Rigg Road, individual lots can carry overland flow paths, steep gradients, or sewer easements that restrict granny-flat additions or spike insurance premiums.
3. Price Against Street-Matched Settled Comparables: Do not let a selling agent justify an asking price on a 25/100 street using comparable sales from a 100/100 street. Compare settled sales within the same SA1 Street Score band.