With a capital gain of -3.13% for the last 12 months, Queens Park, 6107 has performed for property investments than its average annual 4.33% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Queens Park,6107 has racked up an average of -3.13% over the period. This ranks it number 3122th in the whole country for real estate investors looking at median house price increases.
Queens Park, 6107 is offering WA ‘s 336th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.33%, investors should hope to achieve an overall return of 4.25%
Over the last year, property investments in Queens Park, 6107 have given investors a capital gain of -13.82%. This compares very badly with the -4.80% for WA as a whole.
Queens Park,6107 has offered an average of -13.82% return per annum in house price rises to property investors over the last three years.
At number 96th of WA’s most discounted properties, Queens Park is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Queens Park is 25th on a list of best yielding suburbs for rents in WA with a 5.24% return
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.