WA has seen average median house prices change by -3.83% which means that Queens Park, 6107 has not done well for property investors by showing a capital gain of -7.13% over the last year
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of -7.53%. This puts Suburb as 390 on a list of fastest fasting appreciating suburbs in WA
Queens Park6107 is located in WA which offers an average discount of -8.22% to property investors. Queens Park itself is showing figures that indicate -9.27% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Queens Park the average time real estate has been on the market is 90.77 days.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
Queens Park, 6107 ranked 71th in WA when comparing growth in median property values or capital gain over the last 12 months. Queens Park is one of 1662 in our list for WA
Across a shorter period, Queens Park, 6107 has seen a median price increase of -9.47% over the last quarter.
Advertised rents are around the $310 mark per week – giving a return of 5.40% based on the median price in Suburb
Ray White Cannington principal Michael Smart says the area offers some of the largest blocks of land available within 11km of the CBD. “There are a lot of redevelopment opportunities within Queens Park, and it is attracting many mum and dad investors and first home buyers."Full summary
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Ray White Cannington principal Michael Smart says the area offers some of the largest blocks of land available within 11km of the CBD. “There are a lot of redevelopment opportunities within Queens Park, and is attracting many mums and dads investors and first home buyers. The area has good infrastructure and, for its location, it is good value.”
Smart says that with the recent amount of development in the area, the unit market is a little on the oversubscribed side, but that houses show good potential. “On the large blocks of land, demand from developers is good thanks to its close proximity to the CBD.”
Best street(s): Bargain hunters can find some of the cheapest properties along Reginald St, Dora St or Whitlock Road, while the more expensive houses are located along Treasure Road and Dowley Ct.