Giving property investors a a poor capital gain of -4.32% for the last year, Victoria Park, 6100 is the 3399th highest performer in Australia in this respect.
Victoria Park,6100 was ranked 3287 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Victoria Park are currently offering property investors an average price cut of -7.35% below the asking price at the moment.
In the last year 62 properties changed hands in Victoria Park, which puts it as the 190th most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 5.68%, investors should hope to achieve an overall return of 3.52%
If you compare the increase in value of investment property in Victoria Park, 6100 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -0.58%.
Victoria Park,6100 has offered an average of -0.58% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Victoria Park is offering property investors an average of -7.52. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in WA
The WA suburb of Victoria Park, 6100 is in the Victoria Park local government area.
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