Real Estate Mount Richon, WA, 6112 Armadale

Thinking about buying in Mount Richon? Now could not be a better time, with a whopping 1052 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $833,000 with prices in this suburb ranging from $154,000 to $1,197,000.

Search for properties for sale in Mount Richon

Mount Richon Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Mount Richon driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mount Richon are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Mount Richon leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Mount Richon necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.