Victoria Park has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.21% to date .
A 4.47% growth in median value for property investors in Victoria Park,6100 puts this suburb at number 261th in terms of best performing suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Victoria Park itself are offering an average vendor discount of -6.91% to real estate investors.
With the median price for a house in Victoria Park being $642500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.56%
Giving property investors a an unimpressive capital gain of 0.00% for the last year, Victoria Park, 6100 is the 1073th highest performer in Australia in this respect.
The five-year average increase in median property values for Victoria Park,6100 has given property investors a potential capital gain of 6.83% across each of those five years.
At number 32th of WA’s most discounted properties, Victoria Park is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Known as the eastern gateway to Perth’s CBD, Victoria Park offers an excellent location with some stunning riverside views.Full summary
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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 StClose