Atlaso rates Pelican Point houses as HOLD. Average growth outlook. Vacancy is extremely tight at 0.76%, well below the 2.5% equilibrium, but conviction is not high enough for a BUY rating. Better houses options may be available in Perth.
At $964K, Pelican Point ranks #222 of 244 houses in Perth. The long-term structural outlook is Average. Prices grew 30.8% over the past year, showing strong momentum.
OPPORTUNITY ENGINE
Structural opportunity remains selective at this price level.
Shifting to BuyersEarly signs of easing. Monitor for entry.
+4.4%
Asking Prices (3mo)
+6.3%
Rents (12mo)
0.7%
Vacancy
43%
Fresh Stock (<30d)
House Asking Prices (12 months)
$799K
House Weekly Rents (12 months)
$683/wk
Vacancy Rate (24 months)
--- 1.5% tight--- 3.0% loose
Listing Age (12 months)
Fresh (<30d)30-60d60-90d90-180d180d+
Data for postcode 6230.
Momentum Health
Elevated risk
53% stall probability
Pelican Point has been running at 30.8% growth but multiple stall indicators are present. Vacancy may be loosening, yield is compressing, or the suburb has caught up to city pricing. Consider taking partial profits.
STALL RISK53%
Suburb Profile
Pelican Point at a Glance
SEIFA Index
3/10
Below average
Household Income
$1,469/wk
Median household
Median Age
41
Years
Mortgage Stress
24%
of income
Population Growth
+1.1%
vs state +1.9%
Ownership Mix
23.1%owned35.8%mortgage37.2%renting
Demographic Trends
Pelican Point Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full Pelican Point Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates Pelican Point as HOLD confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Pelican Point and 46 Australian cities to generate this rating.
What is the median house price in Pelican Point?
The current median house price in Pelican Point, wa is $964K, with annual growth of +7.2%. Properties sell in approximately 59 days.
How fast do properties sell in Pelican Point?
Properties in Pelican Point sell in 59 days on average. The market is currently rated Average. This is slower than average, which may present opportunities for negotiation.
What is the growth outlook for Pelican Point?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Pelican Point's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Pelican Point?
The gross rental yield for houses in Pelican Point is 4.3%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).