With a capital gain of 0.81% for the last 12 months, Queens Park, 6107 has performed for property investments than its average annual 3.44% 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 0.81% over the period. This ranks it number 3393th in the whole country for real estate investors looking at median house price increases.
Queens Park, 6107 is offering WA ‘s 206th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
Often selling an investment property can take time, and in Queens Park the average time real estate has been on the market is 94.67 days.
The WA suburb of Queens Park, 6107 is in the Canning local government area.
At number 1626th in the list of Australian suburbs ordered by increase in median house value over the last year, Queens Park, 6107 is in the BOTTOM 10% with a property value increase of -13.82% recorded in median house prices.
Over the longer term, Queens Park has seen property prices show investors a -13.01% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Queens Park is offering property investors an average of -8.20. This rate of discount on properties puts Suburb at number 96th in terms of most discounted suburbs in WA
Renters in Suburb are facing rents around $3810 per annum or $317.5 every week.
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.