Victoria Park has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -5.71% to date .
Victoria Park,6100 was ranked 2901 in Australia by increase in median property value over the quarter.
The most recent median price for Victoria Park is $627000, with sellers offering an average of -7.11% off the asking price.
At number 2286 in a list of fastest selling suburbs, Victoria Park is in the bottom 40% of suburbs in Australia with an average of days on market 87.43 for properties listed there.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.60%, investors should hope to achieve an overall return of 3.48%
Investment property in Victoria Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.45%
Taking the average capital gain, or increase in median house value, Victoria Park,6100 has racked up an average of 3.45% over the period. This ranks it number 1422th in the whole country for real estate investors looking at median house price increases.
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 -9.08% is being offered, which puts this WA suburb at 107th most discounted overall in Australia.
With the median price for a house in Victoria Park being $450000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 3.47%
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