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ABS 2021 Census · Updated 21 May 2026
Mount Richon is a well-established middle-ring suburb of Perth, Australia, with a population of approximately 2,067, making it a boutique locality. Located approximately 28 km from the Perth CBD, Mount Richon is a middle ring area in Western Australia. The median household income is $75,400 per year.
Moderate income levels in Mount Richon indicate steady rental demand from working households.
Official Australia Post postcode for Mount Richon. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Mount Richon on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Mount Richon is a smaller community of 2,067 — about 37% of the Western Australia suburb median (5,605) — so investors should factor in the narrower buyer pool and longer average time-on-market. Mount Richon's median household income of $75,400/year is 24% below the Western Australia suburb median ($99,736) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Rent of $300/week (72% coverage of the $1,817/month median mortgage) leaves a gap of roughly $517/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 28 km from Perth, Mount Richon is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
Middle-ring locations like this one historically reward patient holders — focus on homes near catchment-zone schools and major transport. Local rents consume roughly 21% of household income — a useful sanity check on tenant affordability.
How Mount Richon stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Mount Richon sits above the state median; negative means below.
| Metric | Mount Richon | WA median | Δ vs state |
|---|---|---|---|
| Population | 2,067 | 5,605 | -63% |
| Median household income | $75,400/yr | $99,736/yr | -24% |
| Median rent (weekly) | $300 | $350 | -14% |
| Median mortgage (monthly) | $1,817 | $1,902 | -4% |
| Distance to CBD | 28 km | 20 km | +40% |
| Separate houses | 70% | 79% | -9pp |
Pre-inspection briefing for Mount Richon — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 2,067 means liquidity is thin and capital growth tends to lag the wider Western Australia market over full cycles.
Moderate rental coverage: rent of $300/week covers 72% of a $1,817/month mortgage, leaving a $517/month gap that an investor bridges with equity, depreciation and tax benefits.
With 70% houses in a 2,067-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Mount Richon property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Mount Richon are modest for 2026 — incomes 24% below the WA median of $99,736 and a population of 2,067 suggest gains will lag headline metro markets. Rental coverage runs at ~72% of the typical mortgage ($1,300/month rent vs $1,817/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 51/100 places Mount Richon in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Mount Richon scores 51/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 2,067, median household income of $75,400/year and median weekly rent of $300. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Mount Richon are a median household income of $75,400/year, a dwelling mix that is 70% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Mount Richon has a usual resident population of approximately 2,067, compared with a Western Australia suburb median of 5,605 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Mount Richon sits 28 km straight-line from the Perth CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $300 in Mount Richon, equating to approximately $15,600/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Mount Richon is $1,817, or approximately $21,804/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $300 works out to $1,300/month, covering 72% of the median mortgage repayment of $1,817/month. That leaves a $517/month shortfall (around $6,204/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (2,067 residents), interest-rate sensitivity on the $1,817 median mortgage, below-median household incomes ($75,400 vs $99,736 state median), the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.