893 Canning Highway, Mount Pleasant WA, Australia
Data last updated: 06 Jun 2025
Current Market Valuation
Estimated market value: Varies significantly by unit. Examples include an estimated value of $868,000 for unit 1401/893 , approximately $680,000 (with a range from $580,000 to $780,000) for unit 608/893 , $929,000 for unit 1502/893 , and around $1,460,000 (with a range from $1,260,000 to $1,660,000) for unit 1804/893 .
Notes: 893 Canning Highway is the address for 'The Precinct', a multi-story apartment complex [5, 9, 11]. The estimated market value varies widely depending on the unit's size, number of bedrooms, floor level, and specific features such as river views. For example, unit 1702/893 has shown a value increase of 2.8% in the last month and 1.6% since its last sale in 2025 .
Purchase History
2025-01-18 - $2,000,000 (1702/893 Canning Highway)
2025-01-15 - $985,000 (1302/893 Canning Highway)
2025 - $660,000 (608/893 Canning Highway)
2024-04-22 - $840,000 (1502/893 Canning Highway)
Sold about 5 months ago (approx. Jan 2025) - $1,185,000 (1306/893 Canning Highway)
Sold about 6 months ago (approx. Dec 2024) - $1,025,000 (507/893 Canning Highway)
Sold about 7 months ago (approx. Nov 2024) - $988,000 (606/893 Canning Highway)
Sold 9 years ago (approx. 2016) - $2,089,000 (1804/893 Canning Highway)
Unknown (prior to 2024 Apr 22) - $850,000 (1401/893 Canning Highway)
Property Details
Type:
Apartment / Unit
Bedrooms:
3
Bathrooms:
2
Land (sqm):
122
Car/Garage:
2 secure car bays (many units include EV charging capability) [5, 10, 11, 12, 32].
Estimated weekly rent:
Estimated $1,185 per week for unit 1702/893 Canning Highway .
The median rent for units in Mount Pleasant is approximately $750 per week to $760 per week . For 3-bedroom units specifically, the median rental price was $800 per week between May 2024 and May 2025 . The estimated rental yield for units in Mount Pleasant ranges from about 3.54% to 5.0% . Units in the area typically spend a median of 24 days on the rental market , or 28 days for 3-bedroom units .
Rental vacancy rate:
0.77% for the Mount Pleasant suburb (as of search) .
Council rate:
Approximately $2,892.87 (2024/25) for a 3-bedroom unit .
Water rate:
Approximately $1,614.48 (2023/24) for a 3-bedroom unit .
Strata fee:
Approximately $1,595.85 per quarter for a 3-bedroom unit .
Home and content insurance price:
Not available publicly; typically requires a personalized quote.
Zoning Information
LGA:
City of Melville
Zoning:
RACO (Residential, Apartment, Commercial, Other) or Residential
Bushfire:
Not detected
Flood:
Detected
Heritage:
Not detected
Potential Developments in the Area
State Government:
The Canning Bridge Precinct, where 893 Canning Highway is located, is identified as a strategic location for development. State government plans would likely align with the intensification and development of this activity centre, aiming to transform it into a vibrant urban hub .
Local Government:
The City of Melville's Council Plan for the Future 2024-2034 includes 'Sustainable and Connected Development' as a key outcome area .
Applecross, within the City of Melville, is forecast for the greatest increase in new dwelling development between 2021 and 2046 .
There are ongoing development applications for multi-level commercial and residential developments in the wider Canning Bridge Activity Centre and nearby suburbs like Ardross (e.g., a proposed 20-apartment development at 25 Almondbury Road, Ardross) .
The City of Melville's Strategic Plan 2022-2025 aims to guide planned growth and development within the city .
Features
- Panoramic views of the Canning River [5, 7, 10, 11, 12, 32]
- Northeast-facing wraparound balcony
- Expansive open plan living and dining area with natural light
- Gourmet kitchen with quality appliances, integrated dishwasher, and breakfast bar
- Built-in robes in all bedrooms
- Private ensuite in master suite
- Direct balcony access from bedrooms
- Double-glazed windows
- High ceilings (2.75m to 3.1m)
- Large internal storage room
- Secure building with video intercom, CCTV cameras, and secure basement parking
- 5 Green Star energy rating for sustainability and cost savings
- Access to indoor and outdoor gym [5, 7, 10, 11, 12]
- Rooftop running track [5, 7, 10, 11, 12]
- Heated swimming pool with cabana daybeds [5, 7, 10, 11, 12]
- Steam room [5, 7, 10, 11, 12]
- Teppanyaki BBQ area [5, 7, 10, 11, 12]
- Dedicated kids' playroom [5, 7, 10, 12]
- Residents' lounge and library [5, 7, 10, 12]
- Dumbwaiter service [5, 7, 10, 12]
- Temperature and humidity-controlled wine cellar (exclusive to Sky Home residents)
- Games room with custom-designed poker table (exclusive to Sky Home residents)
- Furnished roof deck for outdoor entertaining (exclusive to Sky Home residents)
- Pet-friendly complex
- Advanced technology including keyless door locks with fingerprint access and smart-home integration
- Opticomm Fibre to the Premises and 5G mobile coverage
- Ducted reverse-cycle air conditioning
- Laundry nook with washer and dryer
Location 893 Canning Highway, Mount Pleasant WA, Australia
What's Nearby
Education
Health & Medical
Transportation
Canning Bridge Train/Bus Station - Train & Bus (< 1km distance from building)
Bus stop - Bus (280m from 1506/893 Canning Highway)
Rookwood Street Jetty - Ferry/Jetty (650m from 1506/893 Canning Highway)
Suburb Performance
Median Price History
Mount Pleasant has demonstrated strong capital growth for both houses and units. The median listing price for houses was $1,900,000, having increased by 21.60% over the past year and 44.04% over two years . For units, the median listing price was $1,100,000, with a 13.75% increase over the past year . Other sources indicate a median house price ranging from $1,690,000 to $1,825,000 , and unit prices ranging from $817,500 to $850,000 . The average time to sell a house in Mount Pleasant is 78 days, and a unit is 162 days .
2024-2025 (last 12 months) | $1,825,000 (Houses) , $817,500 (Units)
2023-2024 (last 12 months) | $1,690,000 (Houses) , $850,000 (Units)
Past 2 years | Houses: +44.04% change ; Units: +37.67% change
12-Month Growth Insight
Houses: Annual compound growth rate of 13.5% , 12.67% , and 12.7% .
Units: Annual compound growth rate of 16.8% , and 1.80% . (Note: 3-bedroom units specifically showed a -7.9% growth in the last 12 months, while 2-bedroom units saw a 21.5% growth ).
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