Suburb Profile Report for East Victoria Park WA (6101)

East Victoria Park House: Median price $637,000, Annual capital growth 4.01%, Number of sales 138, Weekly median advertised rent $395

East Victoria Park Unit: Median price $392,000, Annual capital growth 4.05%, Number of sales 46, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: CoreLogic

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  • Unit Report
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Property value increases in East Victoria Park have tracked just higher than the WA average of -4.98% over the last 12 months.

East Victoria Park,6101 was ranked 2453 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in East Victoria Park are currently offering property investors an average price cut of -7.45% below the asking price at the moment.

In the last year 138 properties changed hands in East Victoria Park, which puts it as the 58th most active market in WA when comparing the number of sales per suburb.

Advertised rents are around the $395 mark per week – giving a return of 3.22% based on the median price in Suburb

Giving property investors a a poor capital gain of -12.89% for the last year, East Victoria Park, 6101 is the 1612th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, East Victoria Park comes in at number 74th in WA.

Property buyers and investors in East Victoria Park 6101 should be seeing an average reduction in asking price of around -9.33% . This means that East Victoria Park is holding prices well when compared to other suburbs in WA.

Often selling an investment property can take time, and in East Victoria Park the average time real estate has been on the market is 91.5 days.

East Victoria Park, 6101’s gross rental yield is 4.64%

YIP MAG Information supplied by:

YIP MAG
February 2016

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Values in surrounding suburbs may have stagnated of late, but East Victoria Park in WA has experienced steady growth over the past five yearsFull summary Values in surrounding suburbs may have stagnated of late,but East Victoria Park in WA has experienced steady growthover the past five years, says Shane Vasile, licensee/director of Acton Victoria Park.

Just 4km from the Perth CBD, with good public transport links and proximity to Swan River and Perth’s largest university, East Victoria Park is a suburb boasting a soughtafter location and solid infrastructure. But Shane says it’s the gentrification of this inner-city suburb that has been the real drawcard for buyers.

“The amazing new high street cafe strip and restaurants have attracted people to the area,” says Vasile.

“There’s a much younger demographic now moving in, and with a lot of new apartments and mixed housing it’s still quite affordable. They want to live here; it’s somewhere that’s desirable to be.”

Demand in the neighbourhood is consistent, with a balanced mix of investors and owner-occupiers competing to get into the market.

“We’ve had a bit of a downturn across the board here, but East Victoria Park is the exception. It’s thriving,” Shane explains.

He adds that most of the blocks are subdividable, and if investors keep the older-style, 1920s workers’ cottages on the front, they then also have the option to build a new home at the rear, “which adds value”.Close
HOUSE UNIT
$637,000 $392,000
0.16% 0.26%
-2.00% -12.89%
4.01% 4.05%
$395 $350
138 46
3.22% 4.64%
90.57 91.5

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 9031
Median household income ($/weekly) 1503
Median age of persons 33
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 833 9.2
    20-24 years 939 10.4
    25-34 years 1992 22.1
    35-44 years 1555 17.2
    45-54 years 1091 12.1
    Others 2620 29.0
    Age Group
    Census Count Percent(%)
    Not Married 3314 48.5
    Registered Married 2699 39.5
    Defacto Relationship 825 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4977 58.5
    Indonesia 362 4.3
    Papua New Guinea 278 3.3
    United Kingdom 688 8.1
    Other 719 8.4
    Others 1487 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 312 3.9
    Christianity 4421 54.7
    Hinduism 230 2.8
    Islam 419 5.2
    No Religion 2551 31.6
    Others 152 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 278 8.5
    $1,250-$1,499 242 7.4
    $1,500-$1,999 402 12.3
    $2,000-$2,499 291 8.9
    $2,500-$2,999 419 12.8
    Others 1638 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3176 44.5
    Not in the labour force 1895 26.6
    Employed, worked part-time 1493 20.9
    Employed, away from work 307 4.3
    Unemployed, looking for work 260 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 570 11.5
    Professionals 1493 30.0
    Technicians & trades workers 664 13.3
    Community & personal service workers 452 9.1
    Clerical & administrative workers 686 13.8
    Others 1112 22.3
    Occupation
    Census Count Percent(%)
    Pre-school 122 5.4
    Infants/Primary 601 26.5
    Secondary 323 14.2
    Technical or Further Educational Institution 284 12.5
    University or other Tertiary Institutions 859 37.8
    Others 81 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6478 76.9
    Semi-detached, row or terrace house, townhouse 1134 13.5
    Flat, unit or apartment 804 9.5
    Caravan, cabin, houseboat 7 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1564 44.3
    Being purchased 1221 34.6
    Fully owned 740 20.9
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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