Suburb Profile Report for Victoria Park WA (6100)

Victoria Park House: Median price $635,000, Annual capital growth 4.99%, Number of sales 64, Weekly median advertised rent $450

Victoria Park Unit: Median price $439,000, Annual capital growth 6.44%, Number of sales 109, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Victoria Park, 6100 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.70%

While Victoria Park,6100 ranked number 344th in WA for increase in median house value (annualised) increase, it is ranked 261th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Victoria Park, 6100. Typically our figures indicate that -7.55% is being offered, which puts this WA suburb at 979th most discounted overall in Australia.

On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.

Victoria Park is in the TOP 20% in WA when comparing median price capital growth over the last year. Victoria Park gave property investors a very good capital gain figure when compared to the rest of the state, with 2.09%.

The five-year average increase in median property values for Victoria Park,6100 has given property investors a potential capital gain of 17.07% across each of those five years.

Our latest figures would indicate that property sellers in Victoria Park are currently offering property investors an average price cut of -9.04% below the asking price at the moment.

Residents and property investors in Victoria Park have been waiting around 96.8 days to sell a property.

With the median price for a house in Victoria Park being $439000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.79%

YIP MAG Information supplied by:

YIP MAG
April 2015

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Known as the eastern gateway to Perth’s CBD, Victoria Park offers an excellent location with some stunning riverside views.Full summary

Known as the eastern gateway to Perth’s CBD, Victoria Park offers an excellent location with some stunning riverside views.

As three arterial roads intersect at the head of the suburb, located only 3km from the CBD, the word ‘accessible’ is a bit of an understatement.

The popularity of this suburb is clear, as houses only stay on the market for 26 days, one of the fastest selling rates in Perth.

Public transport in Victoria Park is also excellent: a number of bus routes pass through the suburb and a rail station is within walking distance.

Two shopping centres service the area and there are three schools, as well as cafes, restaurants, medical centres and Curtin University nearby.

Victoria Park’s median house price is a lot less expensive than neighbouring Burswood ($795,500) and Kensington ($892,000).

Three-bedroom homes ideal for families, on Mackie Street and Teague Street, can be bought for less than $580,000.

Selling points: Close to city & Swan River, restaurant & café precinct

Most sought after properties: Renovated & unrenovated character houses
 
Most common properties:  Character houses & blocks of units
 
Top amenities: Swan River, restaurants & cafes, shops
 
Local industry and business: Restaurants, cafes, retail shops
 
Public transport: Buses & train station
 
Main arteries: Albany Hwy, Shepperton Rd, Canning Hwy, Kent St
Close
HOUSE UNIT
$635,000 $439,000
-4.51% 0.92%
-7.70% 2.09%
4.99% 6.44%
$450 $320
64 109
3.69% 3.79%
100.32 96.8

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
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Demographics
Total population 8539
Median household income ($/weekly) 1427
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1053 12.3
    25-34 years 2487 29.1
    35-44 years 1288 15.1
    45-54 years 963 11.3
    55-64 years 784 9.2
    Others 1964 23.0
    Age Group
    Census Count Percent(%)
    Not Married 3214 49.1
    Registered Married 2485 38.0
    Defacto Relationship 847 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3735 48.4
    Indonesia 492 6.4
    Papua New Guinea 280 3.6
    United Kingdom 649 8.4
    Other 766 9.9
    Others 1801 23.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 325 4.4
    Christianity 3785 51.4
    Hinduism 434 5.9
    Islam 461 6.3
    No Religion 2225 30.2
    Others 137 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 258 7.8
    $1,000-$1,249 306 9.2
    $1,250-$1,499 272 8.2
    $1,500-$1,999 429 12.9
    $2,500-$2,999 421 12.7
    Others 1629 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3346 48.9
    Not in the labour force 1665 24.4
    Employed, worked part-time 1310 19.2
    Unemployed, looking for work 269 3.9
    Employed, away from work 246 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 544 11.1
    Professionals 1459 29.7
    Technicians & trades workers 659 13.4
    Community & personal service workers 475 9.7
    Clerical & administrative workers 712 14.5
    Others 1059 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 95 5.0
    Infants/Primary 317 16.8
    Secondary 193 10.3
    Technical or Further Educational Institution 320 17.0
    University or other Tertiary Institutions 863 45.9
    Others 94 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3615 47.5
    Flat, unit or apartment 2180 28.6
    Semi-detached, row or terrace house, townhouse 1794 23.6
    House or flat attached to a shop, office 20 0.3
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1923 54.4
    Being purchased 928 26.3
    Fully owned 666 18.8
    Other tenure type 18 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals