Opening a pharmacy in Subiaco, WA: Market & Competitor Analysis (2026)

Subiaco has 12 pharmacies operating right now. Against a population of 17,527, that works out to roughly one pharmacy per 1,460 residents. The competitive density score sits at 62 out of 100, which points to a market that's fairly well served rather than under-shopped. New entrants need a clear point of difference to take share.

The numbers point to a cautious yes. Subiaco scores 56/100 on the overall strategic measure, with market opportunity at 72/100 pulling the average up. The catch is competitive density at 62/100. It's not a closed market, but it rewards a specific offer or location over a copy of what's already trading on Rokeby Road.

Weaker than the pharmacy count suggests. The Competitor Strength Index is only 36/100 and effective density is just 22/100, meaning most of the 12 operators aren't performing at full strength. St Francis Pharmacy leads on reputation at 4.5 stars from 99 reviews, with Pharmacy 777 Subiaco Rokeby Road close behind at 4 stars and 99 reviews.

Weekly household income in Subiaco is $2,143, well above the Australian median. That supports higher spending on front-of-shop items such as vitamins, skincare and private health products, not just PBS scripts. A pharmacy here can reasonably stock a premium range and price services accordingly, rather than competing purely on discount lines.

Start by mapping the gap around Greenleaf Pharmacy Subiaco, which has a strong 4.5-star rating but only 31 reviews, suggesting lower foot traffic than its quality implies. Look at sites away from the immediate Rokeby Road cluster to avoid the 62/100 density squeeze, and build a services mix around the area's high household income, such as consultations and wellness products.