Fraud Blocker

Mount Pleasant, WA 6153

Home » WA Real Estate Data » City of Melville, WA » Mount Pleasant, WA 6153

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mount Pleasant, WA 6153 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Mount Pleasant, WA 6153”

  1. The total adult population (15 years or older) of Mount Pleasant 6153 WA is 6,220, with a median age of 43. Of those, 58.33% are married, 9.94% are divorced or separated, 27.57% are single and 4.28% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $12,448. The median monthly mortgage repayment for households in this suburb is $3,000 which is 24.10% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Mount Pleasant, post code 6153, located in the vibrant state of Western Australia, houses around 3,797 residential establishments. As noted in Q3 of 2023, the typical house price in Mount Pleasant is pegged at $1,476,802 AUD. The houses in this suburb yield a median weekly rent of $703 AUD, corresponding to an indicative yield of 2.48% – a point of consideration for those focusing on cashflow.

    The IRSAD score of the area stands at an impressive 1127 out of 1217, suggesting a strong socio-economic status of the inhabitants and is generally indicative of a locality populated with tenants who are highly qualified professionals with a more significant spending capacity.

    Diving into the fundamentals, Mount Pleasant hosts a renter to owner ratio of 22%, which lies within the ideal investment range, demonstrating a balanced market and a more settled, homely neighbourhood vibe. The suburb’s units to houses ratio stands at 10% – which again is a favourable statistic for investors as lowered unit proportions often signify reduced competition amongst landlords.

    However, the affordability index for houses in Mount Pleasant stands at 46 years, somewhat challenging the norm for affordability metrics. This element signifies that the suburb could be a pricier market for potential homeowners.

    From a supply perspective, the stock on market Percentage for houses is a favourable 0.37%, suggesting a low supply market. inventory levels for houses stand at a healthy 1.19 months, a plausible timeframe that favours buyers and sellers alike. The building approvals Ratio for houses remains at a favourable 0.64%, suggesting a steady rate of infrastructural development without the overexpression of supply.

    In terms of demand metrics, houses in Mount Pleasant have an average of 34 Days on Market, hinting high demand and quick turnovers. The suburb’s Vacancy Rate, covering both houses and units, stands at a reasonable 1.66%, indicating high demand yet balanced with adequate property supply.

    Lastly, the buy search index for houses in the suburb is trending at an impressive 8, significantly higher than the state average. This suggests that Mount Pleasant is a popular choice among prospective buyers, indicating strong public interest in the local property market.

    Keep in mind, some metrics may fall into unfavourable ranges; however, if the majority of other metrics lean towards positive figures, the suburb could still be a promising prospect for investors. Assessing the market with the aid of the Relative Composite Score (RCS) developed by HtAG Analytics, which uses over 80 metrics, makes the prospect of investment less daunting and thoroughly informed.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment