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Mount Richon, WA 6112
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$890,000
market range $825K-$1M
Median Unit
$595,000
market range $300K-$625K
Gross Yield (units)
5.4%
1yr Growth (houses)
+19.1%
market range +15.0% to +22.5%
Investment snapshot for Mount Richon
Mount Richon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mount Richon market and investor summary
Mount Richon (WA 6112) runs a median house price of $890K. House prices have moved +19.1% over the past year and +75.8% over three years. At 1.9% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking. Houses also take time to sell, around 79 days on market, so plan for a slower exit if you ever need one.
Living in Mount Richon: people, income and schools
Mount Richon is home to around 2,067 people, and the area has been growing steadily, up about 25% over five years. The median age is 50, an older, established demographic, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $75,000 a year, or roughly $1,450 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 11.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 23 schools within about 5km, testing below the national school average on ICSEA. It is roughly 28 km from the CBD. It is fairly car-dependent; the suburb scores 48 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,067
- +25% over 5yr
- Median age
- 50 years
- Median household income
- $75,000/yr
- Households renting
- 10%
- Family households
- 69%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 23
- avg ICSEA 941
- Unemployment
- 6.9%
- Distance to CBD
- 28 km
- Walk score
- 48/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mount Richon
View all →Frequently asked questions about Mount Richon
What should I check before investing in Mount Richon?
Mount Richon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.4%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +19.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mount Richon?
The median property price in Mount Richon, WA 6112 is $890K for houses and $595K for units.
What rental yield does Mount Richon show?
The gross rental yield in Mount Richon is 5.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Mount Richon?
House prices in Mount Richon are up 19.1% over the past year and up 75.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Mount Richon?
The current vacancy rate in Mount Richon is 1.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Mount Richon?
Mount Richon has a population of approximately 2,067 residents, with a median age of 50.
What schools are near Mount Richon?
There are 23 schools within roughly 5km of Mount Richon. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Mount Richon affordable to buy in?
A median house in Mount Richon costs about 11.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mount Richon's population growing?
The population of Mount Richon has grown about 25% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Mount Richon from the CBD?
Mount Richon is about 28 km from the CBD.
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