Mount Pleasant

About Mount Pleasant

​Mount Pleasant, located approximately 9 km south of Perth’s central business district, is a highly sought-after suburb in the City of Melville. Renowned for its leafy streets and proximity to the Swan River, it offers a blend of suburban tranquility and urban convenience.​

Property Market Overview:

• Median Property Prices: Over the past year, Mount Pleasant has experienced significant growth in property values. The median house price is approximately $1.78 million, reflecting a 14.5% annual increase. Units have a median price around $752,500, with a 9.3% rise over the past year.

• Rental Market: The suburb’s rental market is robust, with houses renting for a median of $990 per week, yielding an annual rental return of about 3.1%. Units command a median rent of $722 per week, offering a rental yield of approximately 5.3%.

• Market Activity: In the past 12 months, Mount Pleasant has seen 152 house sales and 72 unit sales. Houses typically spend an average of 18 days on the market, while units spend about 28 days, indicating strong demand.

Demographics and Lifestyle:

With a population of approximately 6,684 residents, Mount Pleasant offers a suburban environment with convenient access to Perth’s amenities. The suburb boasts local shopping centres such as Garden City and Mount Pleasant Shopping Centre. Public transport is well-served, with bus services connecting residents to Perth’s CBD and the Canning Bridge train station. Educational institutions like Mount Pleasant Primary School are also within reach.

Investment Insights:

Mount Pleasant’s impressive property value growth, coupled with strong rental yields and a dynamic rental market, positions it as an attractive prospect for property investors. The low average days on market further underscore its investment potential. Additionally, the suburb’s proximity to amenities, reputable schools, and public transport suggest a positive outlook for future capital growth and rental demand.