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