Mount Elphinstone (postcode 6330) is a quiet locality in Western Australia within the Albany local government area. It is home to about 82 residents, with a mature demographic and a median age of 50. Households earn a median income of $72K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, managers. Employment in the area leans toward construction and accommodation & food. The top ancestries reported are English, Australian, Irish.
Mount Elphinstone has a median house price of $420,000, which has declined steeply by 14.3% year-on-year. The median weekly rent is $290 (Census 2021). This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,875.
Public transport access includes 3 bus stops.
From an investment perspective, Gross rental yield sits at around 3.6% (moderate yield). Property prices sit below the state median ($420K/$1.0M), which can point to relative value. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -14.3% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.