1302/893 Canning Highway, Mount Pleasant WA 6153
1302/893 Canning Highway, Mount Pleasant WA 6153
13th floor corner | river and city views | 146 m² dual car apartment | premium 2020 tower | owner-occupied presentation
This is a genuinely rare configuration for Mount Pleasant. The north-west corner position on the 13th floor captures both river and city outlooks across a wraparound balcony, which is not common in this building or the suburb more broadly. The 146 m² total area is generous for a two-bedroom apartment, and the dual secure car bays add practical value that many comparable units lack. The building itself is modern, amenity-rich, and well-managed, with a level of security and finish that appeals strongly to downsizers, professional couples, and executive owner-occupiers seeking lock-and-leave living without sacrificing space or views. The school catchment adds genuine family appeal, and the mixed-use location provides everyday convenience. This property serves buyers who want premium apartment living with a strong sense of place and outlook.
The value of this unit may be influenced by its position within the building’s wider stock, particularly the fact that several similar configurations exist on the same floor and nearby levels, which could create a competitive resale environment. The busy arterial setting on Canning Highway may temper some buyer enthusiasm despite the elevated outlook, and the mixed-use nature of the tower means the ground-floor commercial activity is part of daily life. The owner-occupied presentation suggests it has been cared for, but condition should still be verified in person. Buyers should weigh the premium attached to the corner aspect and dual parking against the reality that this is an apartment in a high-density tower, not a standalone home, and that rental yields in this price bracket are typically modest.
Detailed Independent Property Report prepared by PropCred Analyst team for 1302/893 Canning Highway, Mount Pleasant WA 6153
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Mount Pleasant remains a tightly held Perth suburb with a median house price of $2,210,000 after 26.3% annual growth, while units surged 40.6% to $1,135,000. The median days on market for houses is 19, reflecting acute demand from professionals attracted by capital growth, quality schooling and transport access. Rents support the market: houses at $920 weekly, units at $760 with a 4.6% gross yield. Sales volumes vary between 64 and 146 annually, indicating moderate turnover. Future growth hinges on infrastructure and sustained demand from high-income buyers, but elevated price points constrain affordability, leaving the market sensitive to interest rate shifts. Supply remains moderate, a factor that could temper activity.
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PropCred Estimated Value
Comparable Sales: 1309/893 Canning Highway sold at $1.07M; 1303/893 Canning Highway comparable premium unit | Property Price Band: $1.0M–$1.1M | Value Drivers: corner aspect, floor level, dual car parking, condition, and outlook quality
Bedrooms
2
Bathroom
2
Parking
2
Land
146m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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