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 -7.41%
Over the longer term, Victoria Park has seen property prices show investors a -8.22% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Victoria Park is giving property investors an average Vendor Discount of around -6.70%. This puts suburb at number 290th in WA when ranking the most discounted suburbs.
Property investors who have had real estate in Victoria Park, 6100 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.26%
The five-year average increase in median property values for Victoria Park,6100 has given property investors a potential capital gain of 12.41% across each of those five years.
Property investors looking for a bargain in Victoria Park should be aiming for at least -9.69% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
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