With a capital gain of -10.18% for the last 12 months, Victoria Park, 6100 has performed for property investments than its average annual 3.40% property growth over the last 5 years.
Victoria Park,6100 has offered an average of -10.18% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.43% to buyers in Victoria Park at the moment, which is less than average for the rest of WA.
Often selling an investment property can take time, and in Victoria Park the average time real estate has been on the market is 81.86 days.
Property value increases in Victoria Park have tracked higher than the WA average of -4.11% over the last 12 months.
Comparing Victoria Park,6100 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Victoria Park is giving property investors an average Vendor Discount of around -9.71%. This puts suburb at number 23th in WA when ranking the most discounted suburbs.
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