Alkimos vs MullalooTwo Perth suburbs compared for a home loan
Alkimos (WA 6038) is approximately 41 km north-north-west of the Perth CBD, on the Indian Ocean coast. Mullaloo (WA 6027) is approximately 22 km north-north-west of the Perth CBD, on the Indian Ocean coast. At the 2021 Census, Alkimos had 10,203 residents with a median age of 31, and Mullaloo had 6,190 residents with a median age of 41.
In both suburbs the most common occupied dwelling was separate houses. Flats and apartments made up 0% of occupied dwellings in Alkimos and 0% in Mullaloo, while 29% of Alkimos households rented compared with 14% in Mullaloo. These differences matter for finance, because lenders assess apartments, strata buildings and houses on land differently.
Both suburbs are in the same state, so transfer duty is calculated on the same scale and the difference in upfront cost comes from the purchase price. The panel below applies that scale, and an estimate of lenders mortgage insurance, to the prices you enter.
WA 6038 · Outer northern coastal Perth
Alkimos
Alkimos is a master-planned coastal suburb in Perth's outer north, with new detached houses, mostly mortgaged households and a station opened in 2024.
City of Wanneroo. Approximately 41 km north-north-west of the Perth CBD, on the Indian Ocean coast.
Read the full Alkimos guideWA 6027 · Northern coastal suburbs of Perth
Mullaloo
Mullaloo is an established beachside suburb in the City of Joondalup, with detached family houses, high owner-occupation and no train station.
City of Joondalup. Approximately 22 km north-north-west of the Perth CBD, on the Indian Ocean coast.
Read the full Mullaloo guide
What buying in Alkimos and Mullaloo would mean for the loan
The difference between two suburbs is usually a difference in price, and price drives the deposit, the transfer duty, any lenders mortgage insurance and the repayment. Enter the prices you are seeing and the panel works out each of those for Alkimos and Mullaloo.
Your prices and deposit
Enter the price you are seeing in each suburb. BorrowWise does not quote prices, so the comparison uses yours.
Enter a price for Alkimos to see the repayment, transfer duty and upfront cash.
Enter a price for Mullaloo to see the repayment, transfer duty and upfront cash.
Warning: The interest rate used here is an example only. It is not a comparison rate and is not a rate offered by any lender, and it does not include fees and charges. Different rates, terms, fees or loan amounts will give a different result.
Estimates only. Repayments assume a principal and interest loan at a constant rate, which is an assumption and not a current market rate. Transfer duty is indicative for established homes, first home buyer relief depends on eligibility, and upfront cash includes an allowance of $3,000 for conveyancing and inspections. Lenders mortgage insurance is an estimate and is added to the loan. A lender makes its own assessment.
Alkimos and Mullaloo: Census profile compared
Figures are from the 2021 Census, so rents, repayments and incomes have moved since. They are most useful for comparing one suburb with another and with Australia as a whole.
| Measure | Alkimos | Mullaloo |
|---|---|---|
| People and households | ||
| Residents | 10,203 | 6,190 |
| Median ageAustralia 38 | 31 | 41 |
| Average household sizeAustralia 2.5 | 2.8 | 2.8 |
| Median household income, weeklyAustralia $1,746 | $2,035 | $2,447 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $360 | $470 |
| Median mortgage repayment, monthlyAustralia $1,863 | $1,950 | $2,383 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 29% | 14% |
| Owned with a mortgageAustralia 35% | 63% | 48% |
| Owned outrightAustralia 31% | 8% | 37% |
| Types of home | ||
| Separate housesAustralia 72% | 98% | 95% |
| Townhouses, terraces and semi-detachedAustralia 13% | 2% | 5% |
| Flats and apartmentsAustralia 14% | 0% | 0% |
| Homes with two bedrooms or fewer | 3% | 3% |
| Homes with four bedrooms or more | 55% | 70% |
| Dwellings unoccupied on Census night | 7% | 6% |
Source: Australian Bureau of Statistics, 2021 Census (CC BY 4.0). Tenure shares exclude households that did not state their tenure. Dwelling shares are of occupied private dwellings.
Home loan considerations in Alkimos and Mullaloo
Lenders treat houses on land, townhouses and apartments differently, and some apply extra conditions to small apartments, high-density buildings or particular postcodes. These are the points each guide raises.
Alkimos
- First home buyers
- Upgraders
- Investors
- Construction loans are drawn in progress payments and valued on an as-if-complete basis, which differs from lending on an established home.
- High loan-to-value borrowing is common, so lenders mortgage insurance or the Australian Government 5% Deposit Scheme is often relevant.
- Much of Alkimos is designated bushfire prone, which can require a Bushfire Attack Level assessment and raise construction and insurance costs.
- Land sold before titles are issued does not transfer until the Certificate of Title exists, so finance approvals may need to be extended or renewed.
- Restrictive covenants and estate design requirements on a title can govern materials, fencing and the form of the house a lender is asked to fund.
- Where new lots are still being released nearby, valuers may compare a resale with the cost of building new, which affects owners with little equity.
Mullaloo
- Upgraders
- Downsizers
- Investors
- First home buyers
- Homes range from unrenovated originals to new ocean-view houses, so comparable sales can be few and valuations may vary.
- Knock-down rebuild and major renovation projects usually need a construction loan assessed against a fixed-price building contract.
- Upgraders selling another home may need bridging finance or an offer made subject to the sale of their existing property.
- Houses beside the foreshore reserve or bushland may be designated bushfire prone, which affects rebuilding cost and design.
- Western Australian contracts have no mandatory cooling-off period, so finance and inspection conditions need to be written into the offer.
- Transfer duty is a substantial upfront cost on higher-value homes and is generally paid from savings rather than borrowed.
Housing stock in Alkimos and Mullaloo compared
Alkimos
- Four-bedroom project homes
- Single-storey brick family homes built by volume builders; four-bedroom dwellings numbered 1,844 at the 2021 Census.
- Three-bedroom homes on compact lots
- Smaller detached houses on medium density lots; 1,428 dwellings had three bedrooms at the 2021 Census.
- House and land packages
- Vacant estate lots bought with a separate building contract and funded by a construction loan drawn in stages.
Mullaloo
- Original brick and tile houses
- Single-storey family homes built in the decades after subdivision began in 1959, many since renovated or extended.
- Large family homes and rebuilds
- Two-storey and rebuilt houses, some with ocean views; 1,213 dwellings had four bedrooms at the 2021 Census.
- Townhouses and villas
- Semi-detached, terrace and townhouse dwellings numbered only 104 at the 2021 Census, so smaller homes are scarce.
Official sale price and rent figures for Alkimos and Mullaloo
Only figures published free of charge by a government agency are shown. Where none is published the space is left empty rather than filled with an estimate. Each guide charts the full series.
Alkimos
No government agency publishes a free median sale price or rent series for Alkimos, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Mullaloo
No government agency publishes a free median sale price or rent series for Mullaloo, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Transport, schools and amenities in Alkimos and Mullaloo
Alkimos
Transport
- Alkimos Station (train)
- Alkimos Station bus interchange (bus)
- Marmion Avenue (road)
- Mitchell Freeway (road)
Schools and campuses
- Alkimos College (secondary, government)
- Alkimos Primary School (primary, government)
- Alkimos Beach Primary School (primary, government)
- Shorehaven Primary School (primary, government)
- St James' Anglican School (combined, independent)
- Northshore Christian Grammar School (combined, independent)
Amenities
- Alkimos Aquatic and Recreation Centre (opening expected November 2026)
- Trinity Village Shopping Centre
- Alkimos Beach
- Shorehaven Beach
- Halesworth Park sporting complex (Butler)
- Joondalup Health Campus (Joondalup)
Mullaloo
Transport
- No train station in Mullaloo (train)
- Transperth routes 460, 461 and 462 (bus)
- Marmion Avenue (road)
- Ocean Reef Road (road)
Schools and campuses
- Mullaloo Heights Primary School (primary, government)
- Mullaloo Beach Primary School (primary, government)
- Ocean Reef Senior High School (Ocean Reef) (secondary, government)
- Belridge Secondary College (Beldon) (secondary, government)
- Prendiville Catholic College (Ocean Reef) (secondary, catholic)
- St Mark's Anglican Community School (Hillarys) (combined, independent)
Amenities
- Mullaloo Beach
- Tom Simpson Park
- Mullaloo Surf Life Saving Club
- Mullaloo Plaza
- Marmion Marine Park
- Joondalup Health Campus (Joondalup)
School listings show name, level and sector only. Enrolment areas change, so confirm eligibility for a specific address with the school or the Western Australia education department.
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