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Mount Richon

POSTAL CODE: WA, 6112
HOUSE

Homeowners and real estate investors betting on MOUNT RICHON, 6112 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 14.97%.

A steady increase in median property prices over a five-year period in the suburb translates to a 70.71% capital gain.

Property investors in MOUNT RICHON enjoyed capital gains of 14.97% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $845,000.

Profits due to an upward trend in home prices there averaged 23.57% per annum over a 3-year period.

Home owners selling their properties and realtors in MOUNT RICHON usually have to wait an average of 25 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $620 mark, reflecting a 3.82% increase in returns based on the current median price in MOUNT RICHON.

MOUNT RICHON, 6112 places 19th in Australia based on median property value growth during the quarter.

Surburb overview

Mount Richon is a suburb located approximately 30 kilometres southeast of Perth's central business district, within the City of Armadale. Established in 2003, it occupies the western slope of the Darling Range, bordered by Albany and South Western Highways. The suburb's name originates from a vineyard that once operated in the area.

According to the 2021 Census, Mount Richon had a population of 2,067 residents living in 959 dwellings, with an average household size of 2.3 persons.  The median age was 45 years, indicating a mature community. Approximately 33.4% of residents were born overseas, with England and New Zealand being common countries of origin.

Public transportation in Mount Richon has several Transperth bus routes, including lines 220, 254, 529, and 907. These routes connect the suburb to nearby train stations and the broader Perth metropolitan area.  The combined bus and train journey to Perth CBD takes approximately 50 minutes.

Essential amenities are accessible within and near Mount Richon. Armadale Shopping City, just over 1 kilometre away, offers supermarkets, specialty stores, and dining options.  Additional shopping centres like Armadale Central Shopping Centre provide further retail choices.

Recreational opportunities in Mount Richon include proximity to parks and walking trails. Wungong Regional Park and Bungendore Park offer natural settings for outdoor activities.  Public BBQ areas are available in nearby parks such as Armadale Park and Gwynne Park, providing spaces for community gatherings.

Mount Richon maintains its residential character while providing access to essential services and recreational facilities. The suburb's development reflects broader trends in the Perth metropolitan area.

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