Over the last year, property investments in Queens Park, 6107 have given investors a capital gain of -8.16%. This compares badly with the -3.96% for WA as a whole.
While Queens Park,6107 ranked number 309th in WA for increase in median house value (annualised) increase, it is ranked 146th over the last 5 years.
Vendor discounting in Queens Park is giving property investors an average Vendor Discount of around -9.32%. This puts suburb at number 85th in WA when ranking the most discounted suburbs.
Residents and property investors in Queens Park have been waiting around 90.08 days to sell a property.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
Giving property investors a a poor capital gain of -7.27% for the last year, Queens Park, 6107 is the 1499th highest performer in Australia in this respect.
Across a shorter period, Queens Park, 6107 has seen a median price increase of 2.00% over the last quarter.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
Queens Park is 21th on a list of best yielding suburbs for rents in WA with a 5.27% 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.