Free market report · Data to July 2026
Mount Magnet property market
Mount Magnet is one of the 453 council areas we track on the Momentum Dial, our property clock. This page is the plain-numbers read: where it sits in the cycle, who lives there, what's being built, and the suburbs inside it.
Mount Magnet is home to 706 people. On the Buyers First Momentum Dial its house market currently reads at Peak. The number that matters most here: population is compounding at +1.9% a year. People arriving is the rawest form of housing demand. Here's the rest of the picture, in plain numbers.
Houses · cycle position
Peak
The Mount Magnet house market is growing at its fastest pace in the current cycle. That is a momentum reading, not a crash call: markets can sit at peak growth for a long time before easing.
+4% to +9%
Modelled 12-month price range
+0.4%
Modelled 12-month rent change
Units · cycle position
Not enough unit sales in Mount Magnet for a reliable cycle reading. That's common outside the cities, and honest beats guessed.
At a glance · houses
$140,764
Typical house, August 2026
-0.5% a year since 2010
+1.9%
Growth a year, last 10 years
+9.1% a year over the last 5
$450
Rent a week
16.6% gross yield
11 of 15
Years prices fell since 2010
Worst: 2016, -13%
The clock measures growth momentum, not price. Peak means growing fastest, not about to fall. Cycle data and projections sourced from HtAG Analytics. See Mount Magnet on the clock.
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The full report is this data as a written document, plus the current price, rent, yield and growth on one suburb inside Mount Magnet, and the numbers that cut against the area. I write them by hand, so it comes from me rather than out of a system.
The numbers, explained
Mount Magnet in charts.
The typical house in Mount Magnet went from $153,976 in 2010 to $140,764 in August 2026. That is -9% in total, -0.5% a year. It went backwards 10 years in a row at one point. Any market can have a bad year. The ones that stack them are the ones that hurt, and this is the number we weigh most.
Houses · price change each year · 2011 to 2026
Prices in Mount Magnet fell in 11 of the last 15 years
-9%
Since 2010
+1.9%
Per year, last 10 years
11 of 15
Years going backwards
-13.0%
Worst year (2016)
What this shows. How much the typical house price in Mount Magnet went up or down each year. Teal bars are up years, red bars are down years, and the faded bar is this year so far.
Why it matters. The size of a good year matters less than how many bad years there were and whether they came in a row. Boring? Absolutely. But the length of the down stretch is what decides whether you get out the other side. Typical price at December each year, data from HtAG Analytics.
You don't need to know property to read this. Every chart below opens with the point in one line, then says what it shows and why we care. Teal is a good sign, amber is okay, red means watch it.
The scorecard · 7 things we check
Mount Magnet scores 24 out of 35. Solid.
prices are rising as fast as they will this cycle, so the easy money has been made
11 of 15 years
0.0 new homes approved per 100 that exist
population growing 1.9% a year
8.2% unemployed, Australia 4.2%
a house costs 1.9 years of a local household's income
0.6% of rentals are empty, so about 1 in every 100
What this shows. Seven quick checks on Mount Magnet, each scored out of five. Five is the reading we most want to see.
Why it matters. No single number tells you whether an area is a good buy. Together they show whether the pieces line up. These are bands, not rules: a council outside a band can still be the right buy for the right person, and one inside every band can still be wrong for you.
House prices since 2010 · Mount Magnet vs the 5 most similar councils in WA
Mount Magnet has grown more slowly than similar councils over ten years
+9.1% vs +11.6%
A year, last 5 years
+1.9% vs +3.0%
A year, last 10 years
-0.9% vs +1.9%
A year, last 15 years
What this shows. The typical house price in Mount Magnet every year, in teal, next to the middle of the five councils in WA closest to it in size and starting price: Morawa, Dumbleyung, Wickepin, Dundas, Dowerin. The small "vs" number in each tile is those councils.
Why it matters. Sometimes a slower market is catching up, sometimes it is being passed. The jobs and supply readings on this page tell you which.
Momentum · the last 36 months
Prices in Mount Magnet are picking up speed right now
$139,183
3-month price, August 2026
+8.9%
3-month price vs 12-month price
4 vs 29
Houses sold, last 12 months vs the 12 before
What this shows. Two versions of the same price. The dotted teal line averages the last three months, so it reacts fast. The grey line averages the last twelve, so it moves slowly. The bars are how many houses sold each month.
Why it matters. The last three months are running ahead of the last twelve. That is what speeding up looks like before it shows in the yearly number.
New homes · approvals as a share of all the homes here
Not many new homes are being built in Mount Magnet
What this shows. For every 100 homes already in Mount Magnet, how many new ones the council approved each year. The teal band is the range we call balanced.
Why it matters. Fewer new homes means the ones that exist stay in demand. It can also mean building here is hard or slow, which cuts the same way. The home count is the population divided by the average household size, so treat the rate as a guide rather than a census.
Affordability · house price in years of local household income
A house in Mount Magnet costs 1.9 years of a local family's income
What this shows. Take the typical house price and divide it by what a typical household here earns in a year. A bar of 7 means seven years of the whole household's income buys one house.
Why it matters. Affordable by Australian standards. There is room for prices to move before the locals get priced out, and locals are the steadiest buyers a market has. Income is the 2021 Census figure carried forward at 3.5% a year, so it is an estimate, not a measurement.
Rents · typical weekly house rent, last 36 months · and how many rentals sit empty
Rent in Mount Magnet is $450 a week, down 10.9% in a year
$450
A week, August 2026
-10.9%
Change in the last year
0.6%
Rentals sitting empty (tight)
What this shows. What a typical house in Mount Magnet rents for each week, month by month. The empty-rentals number is the share of rental homes with nobody in them: under 1.5% is tight, over 3% means tenants have plenty of choice.
Why it matters. Rents going backwards means tenants have choices. That is fine for renters and a warning for anyone buying to rent out.
Rental yield · a year of rent as a share of the price, Mount Magnet vs similar councils
Rent covers 16.6% of the price each year in Mount Magnet
What this shows. Yield is simple: a whole year of rent divided by the house price. A $500,000 house renting for $500 a week earns $26,000 a year, which is a 5.2% yield.
Why it matters. Higher than similar councils, which are around 5.1%. The rent does more of the heavy lifting here, so holding costs less out of pocket. We don't buy on yield alone and we never set a yield cut-off; it is one piece of the picture, next to growth.
The people
Who lives in Mount Magnet.
The population has grown +1.9% a year over the last five years, which is quick by national standards. Interesting mix underneath: locals have been leaving on net (-7 over three years) while overseas migration more than filled the gap (14). Worth understanding who is arriving and what housing they need. The median age is 42 and the median household brings in $1,204 a week (Census 2021). 54% of households own or are paying off their home. Owner-occupier markets like this tend to hold their nerve through the cycle, because nobody is forced to sell an address they live at.
Population · ABS estimates 2015 to 2025
Mount Magnet is growing fast: 706 people, up +1.9% a year
706
People, 2025
+1.9% vs +1.5%
A year, last 5 years · typical WA council
+2.3%
A year, last 10 years
Why it matters. People arriving is the rawest form of housing demand. Every new household needs somewhere to live before anything else happens.
Where the growth came from · last 3 years
Overseas arrivals are doing the heavy lifting in Mount Magnet: 14 in three years
Net change: +6 people over three years.
What this shows. Three ways a place gains or loses people: babies born minus people who died, people who moved here from another part of Australia, and people who arrived from overseas. Bars to the right add people, bars to the left take them away.
Why it matters. Overseas arrivals usually rent first, so this kind of growth shows up in rents before it shows up in prices.
Age and households · Census 2021
Mount Magnet is about the same age as the typical WA council: median age 42
Mount Magnet Typical WA council (middle of 103)
Why it matters. A mixed-age area has demand for most housing types, which makes it easier to sell to whoever the next buyer is.
Income and who owns the homes · Census 2021
Most homes in Mount Magnet are owner-occupied: 54% own or are paying off, 31% rent
Own or paying off Renting Other
Why it matters. Owner-occupier markets hold their nerve through the cycle, because nobody is forced to sell the address they live at.
New supply
What's being approved to build.
0 dwellings were approved in FY26. Approvals have been roughly steady year to year. $15 million of non-residential building was approved in FY26, nearly all of it private.
Homes approved · ABS, by financial year
Not much new is being built in Mount Magnet: 0 homes approved in FY26
Houses Units, townhouses and other
0
Homes approved, FY26
n/a
Of them houses
0.0%
New homes per 100 that exist
What this shows. How many new homes the council approved each financial year, split into houses and everything else. Approved is not built, but it is the earliest warning of supply on the way.
Why it matters. When little gets built, the homes already here do not have much competition. Good for prices, as long as people keep arriving.
Non-residential building approved · ABS
$15m of non-residential building was approved in Mount Magnet in FY26
Government projects All non-residential
$15m
All sectors, FY26
$0k
Government, FY26
$0k
Schools and health, last 3 years
What this shows. The dollar value of shops, offices, schools, hospitals and other non-home buildings approved each year. The darker bar is the government's share.
Why it matters. Governments build where they expect people. Schools and hospitals are the most honest signal they give about where families are heading. For the named projects behind these numbers, ask for the full report.
Jobs
Who's working in Mount Magnet.
Work here runs on mining (28% of jobs), ahead of public administration and education and training. That first number deserves attention: when a quarter of the jobs sit in one industry, the property market inherits that industry's fortunes, good and bad. Unemployment is 8.2% against a national 4.2%, which is a real gap, not noise. On the ABS advantage index it ranks in the bottom 10% nationally. That usually means better yields, and it means doing your homework street by street.
Jobs · SALM, March 2026
436 residents of Mount Magnet are in work
436
Residents in work
8.2% vs 4.2%
Unemployed · Australia
n/a
Jobs change, 5 years
Mount Magnet Australia
Why it matters. Employment is close to flat, so housing demand here leans on other drivers: lifestyle, retirees, or people commuting out.
Who employs people here · Census 2021
Mining is the biggest employer in Mount Magnet, 28% of jobs
What this shows. The five industries that employ the most residents, as a share of all jobs. The pill is the ABS advantage score: Mount Magnet sits in decile 1 of 10 nationally, where 10 is the most advantaged.
Why it matters. One industry carrying a fifth or more of the jobs is a concentration risk. If it wobbles, the whole town feels it.
The outlook
Is Mount Magnet worth buying into?
Put the drivers together and the case for Mount Magnet is: a population that keeps growing, new supply thinning out. Against that, weigh heavy reliance on mining. None of this guarantees anything. It tells you where to look harder, which is what a report like this is for.
Free · Written by hand · One per person
This page is the public data. The full report is that written up as a document, plus the current price, rent, yield and growth on one suburb inside Mount Magnet. One per person.
Name, email and phone. I write these by hand, one per person, and the conversation afterwards is the only thing the report costs.
Inside the LGA
The suburbs of Mount Magnet.
Next step. See what's for sale in Mount Magnet on realestate.com.au or Domain. Then send me the address before you make an offer. That is the part the data cannot do.
All 4 suburbs and localities in Mount Magnet
Cooladar Hill · Daggar Hills · Mount Magnet · Paynesville
Free · Written by hand · One per person
Want the full workup on Mount Magnet?
This page is the public data. The full report is the written workup: current price, rent, gross yield and vacancy, growth over 1, 3, 5 and 10 years, days on market and demand, and the supply coming down the pipe, for Mount Magnet or any suburb in it. Same data we run for clients. I pull it and email it through, usually within a business day. One per person, no charge, and no 14-part email sequence afterwards. All I ask is that if it lands, you take the fifteen minute call at the end of it.
Name, email and phone. I write these by hand, one per person, and the conversation afterwards is the only thing the report costs.
Keep comparing
Markets of a similar size in WA.
A council only makes sense in context. These are the WA markets closest to Mount Magnet in population, each with its own written report.
General information only, not financial or investment advice. Cycle positions and projections are modelled LGA-level figures to July 2026, sourced from HtAG Analytics. Population and approvals are ABS estimates; employment is SALM smoothed data; income, age and tenure are Census 2021. None of it can see street quality, flood maps, zoning or the contract, which is where deals are actually won and lost. Get advice on your own situation before acting.
Data finds the area. It doesn't buy the house.
We narrow 15,000 suburbs to the top 5 for each client, then find the street and the property. If Mount Magnet is on your list, that's a conversation worth having early.