Mount Pleasant is a mid-sized suburb in Western Australia within the Melville local government area (postcode 6153). The area has roughly 7,456 residents and an established family demographic, with a median age of 43. Households earn a median income of $125K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Median house prices in Mount Pleasant stand at $2.2 million, having climbed sharply by 17.2% over the last twelve months. The current median weekly rent is $845. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $3,000.
Mount Pleasant is served by 1 school, including 1 primary. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 34 bus stops.
From an investment perspective, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are above the state median ($2.2M/$1.0M), placing it in the premium segment. The price-to-income ratio of 17.8x is considered stretched. House prices have moved +17.2% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.