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Mount Pleasant suburb profile

Mount Pleasant is a picturesque riverside suburb located approximately 9km south of Perth's CBD, offering a serene and affluent lifestyle. Nestled along the banks of the Swan River, it is renowned for its stunning river views, leafy streets, and high-quality residential properties. The suburb is popular among families and professionals seeking a peaceful yet convenient location, with easy access to the city and nearby amenities. Mount Pleasant boasts excellent schools, parks, and recreational facilities, making it an ideal place for outdoor activities. Its blend of natural beauty and modern conveniences ensures its continued appeal to residents and investors alike.

Mount Pleasant property market performance

Current median dwelling price$1,632,500Past 3 months

Property growth+10.8%Past 12 months

Mount Pleasant’s property market has experienced significant growth over the past 12 months, with house values increasing by 19.9% and unit values rising by 18.5%. The median house price has reached $2.4 million, while units have averaged $975,000, indicating strong demand across both property types.

Sales activity has been robust, with 24 houses and 12 units sold in the past 12 months. Houses are selling quickly, with a median of just 17 days on the market, compared to 25 days for units, suggesting a competitive market environment.

In the rental market, house rents have remained stable over the last 12 months, while unit rents have increased by 9.3%, reflecting a growing demand for rental units in Mount Pleasant.

HousesUnits
Median price
Past 3 months
$2.29M$975K
Change in value
Past 12 months
16.4%5.2%
Sold
Past 3 months
2111
Median days on market
Past 12 months
1825
Average rent
Past 12 months
$900$798
Change in rent
Past 12 months
-5.3%6.4%

5 year median price trend for houses and units

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Mount Pleasant demographics

Mount Pleasant, located in the southern suburbs of Perth, is a picturesque and affluent area known for its family-friendly environment and scenic views of the Swan River. With a population of 7,456, the suburb boasts a median age of 43, indicating a mature community that values stability and comfort. The area is particularly appealing to families, with 45.9% of households being couple families with children, and 43.4% being couple families without children, reflecting a balanced mix of family dynamics.

The suburb's high median total household income of $2,401 per week underscores its status as a prosperous community. Property ownership is a significant feature of Mount Pleasant, with 43.6% of homes owned outright and 33.6% owned with a mortgage, indicating a strong sense of permanence and investment in the area. Only 22.7% of properties are rented, which is relatively low compared to other suburbs, highlighting the preference for home ownership among residents.

Mount Pleasant's appeal is further enhanced by its proximity to quality schools, parks, and recreational facilities, making it an ideal location for families seeking a serene yet connected lifestyle. The suburb's blend of natural beauty, community spirit, and convenient amenities makes it a highly desirable place to live for those seeking a harmonious balance between work and leisure.

Mount Pleasant infrastructure, key developments and investment opportunities

Mount Pleasant is benefiting from its ongoing transformation along the Canning River foreshore, with higher-density mixed-use and apartment projects near the river and Canning Highway increasing local housing choice and supporting nearby cafés, shops and professional services. Upgrades and intensification around key intersections on Canning Highway and improved access to Kwinana Freeway continue to enhance connectivity to the CBD and major employment centres, which generally supports buyer interest and underpins premium pricing in the suburb.

The suburb’s proximity to established schools in neighbouring areas, major shopping at Garden City in Booragoon and riverside recreation areas remains a key drawcard for families and professionals, reinforcing Mount Pleasant’s reputation as an affluent, tightly held area. There are currently no widely publicised, large-scale new infrastructure or school projects within Mount Pleasant itself, so near-term property market dynamics are likely to be driven more by broader Perth conditions and gradual infill development than by any single transformative project.

Mount Pleasant rental market trends

The rental market in Mount Pleasant has shown stability for houses, with no change in rents over the past year, maintaining a median of $900 per week. In contrast, unit rents have experienced a notable increase of 9.3%, reaching $820 per week. This suburb continues to attract interest, particularly for unit rentals, offering a balanced mix of affordability and lifestyle appeal.

Suburbs near Mount Pleasant

Some popular suburbs near Mount Pleasant include:

How does Mount Pleasant compare to nearby suburbs?

  • Median house prices: Mount Pleasant’s median house price is 34.3% higher than Booragoon’s.
  • Median unit prices: Mount Pleasant’s median unit price is 29.1% lower than Applecross’s.
  • House price growth: Over the past 12 months, house prices in Mount Pleasant have grown 15.9% higher than in Applecross.
  • Unit price growth: Property prices in nearby Booragoon have risen 6.6% more than in Mount Pleasant over the past year.
  • Selling speed for houses: Properties in Mount Pleasant are selling 33.3% faster than in Applecross.
  • Selling speed for units: Properties in Mount Pleasant are selling 45.7% faster than in Applecross.
  • Investment considerations: In Mount Pleasant, the rental yield for house is 17.5% higher than the Perth average, while the rental yield for units is 20.4% higher.
  • House price growth: Over the past 12 months, house prices in Mount Pleasant have grown 101.9% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Mount Pleasant have grown 76.5% higher than the average rate of growth for units across Perth.

Common questions about Mount Pleasant

  • Is Mount Pleasant a nice place to live?

    Mount Pleasant is a delightful suburb that offers a serene and affluent lifestyle, making it a wonderful place to call home. This charming riverside area is known for its picturesque views and leafy streets, providing a peaceful environment that is perfect for families and professionals alike. The suburb's proximity to the Swan River adds a touch of natural beauty, while its location just 9km south of Perth's CBD ensures that residents enjoy convenient access to city amenities.

    The vibe in Mount Pleasant is one of tranquility and community spirit, with a strong emphasis on family-friendly living. The suburb is well-equipped with excellent schools, parks, and recreational facilities, making it an ideal setting for families seeking a balanced lifestyle. The local cafes, shops, and professional services add to the suburb's appeal, offering residents plenty of options for leisure and convenience without needing to venture far from home.

    Safety is a key feature of Mount Pleasant, contributing to its reputation as a desirable place to live. The suburb's peaceful atmosphere and community-oriented vibe make it a welcoming environment for families. However, the trade-off for this idyllic setting is the premium pricing associated with the area, reflecting its status as a prosperous and tightly held community. While the suburb lacks large-scale new infrastructure projects, its ongoing transformation along the Canning River foreshore and improved connectivity to major employment centres continue to enhance its appeal.

    Ultimately, Mount Pleasant offers a harmonious blend of natural beauty, modern conveniences, and a strong sense of community, making it a fantastic choice for those seeking a serene yet connected lifestyle. Whether you're a family looking for a nurturing environment or a professional seeking a peaceful retreat close to the city, Mount Pleasant is a suburb that truly stands out.

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  • Is it expensive to live in Mount Pleasant?

    Living in Mount Pleasant is generally considered expensive, especially when compared to the average earnings in Western Australia. The median house price in Mount Pleasant is currently $2,400,000, which is significantly higher than many other suburbs in the region. For those considering renting, the average rent for houses is $900 per week, while units average $820 per week. These figures suggest that housing costs in Mount Pleasant are on the higher end of the spectrum.

    When you compare this to the average full-time adult weekly earnings in Western Australia, which is around $2,050, or approximately $107,000 annually, the cost of living in Mount Pleasant is quite substantial. The median total household income in the suburb is $2,401 per week, which indicates that residents typically earn more than the state average. However, even with a higher household income, the elevated property prices and rental costs mean that living in Mount Pleasant may require a significant portion of one's earnings. If you are thinking of living in Mount Pleasant, it's important to consider whether your financial situation can accommodate these expenses while enjoying the lifestyle the suburb offers.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Mount Pleasant a good place to invest?

    Mount Pleasant is shaping up to be an attractive suburb for property investment, thanks to its impressive growth in property values over the past year. With a nearly 20% increase in median house values and an 18.5% rise in unit values, the suburb is clearly experiencing a strong upward trend. This kind of growth suggests that Mount Pleasant is becoming increasingly desirable, likely due to its appealing location and amenities.

    While the rental market for houses has remained stable, units have seen a notable 9.3% increase in rent, indicating a growing demand for rental properties in the area. This could be appealing for investors looking for rental income, especially in the unit market. The combination of rising property values and increasing rental demand makes Mount Pleasant a suburb with promising investment potential. Overall, the suburb offers a compelling mix of capital growth and rental income opportunities, making it a solid choice for those considering property investment.

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Choose the right real estate agents in Mount Pleasant

There are 74 real estate agents in Mount Pleasant, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 42.9% of all sales in the past year.

Commission rates in Mount Pleasant typically range from 2.15% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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