304/893 Canning Highway, Mount Pleasant WA 6153

304/893 Canning Highway, Mount Pleasant WA 6153
2 bed 2 bath | 95 sqm terrace | 2020 build | premium kitchen | road front position This apartment is considered one of the more distinctive two-bedroom offerings in Mount Pleasant. A 95 sqm terrace is rarely matched in units of this size, and the outdoor space is seen as a major extension of the floorplan. The 2020 build and premium kitchen specification are viewed as above the suburb standard, where older apartments are more common. The property is best suited to downsizers or professional couples, for whom low-maintenance living and gym access are valued. River proximity is regarded as a strong lifestyle drawcard. The value of this property may be influenced by its frontage to Canning Highway, where traffic noise is often noticed. The large terrace might be seen as narrowing the renter pool, as outdoor living spaces appeal more strongly to owner-occupiers. Strata levies of $899 per quarter are regarded as high for a two-bedroom unit, and this cost is likely to be weighed by buyers.
Detailed Independent Property Report prepared  by PropCred Analyst team for 304/893 Canning Highway, Mount Pleasant WA 6153
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ! 1
Execution Risk ! 1
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Comparable Sales: 1410/893 Canning Highway sold at $710k | Property Price Band: $900k to $1.0M | Value Drivers: terrace size, premium finishes, building age

Bedrooms

2

Bathroom

2

Parking

1

Land

205m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat