Queens Park has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 1.09% to date .
The five-year average increase in median property values for Queens Park,6107 has given property investors a potential capital gain of 15.96% across each of those five years.
At number 253th of WA’s most discounted properties, Queens Park is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Queens Park have been waiting around 88.94 days to sell a property.
Queens Park is 202th on a list of best yielding suburbs for rents in WA with a 4.19% return
With a capital gain of -12.75% for the last 12 months, Queens Park, 6107 has performed for property investments than its average annual 2.36% property growth over the last 5 years.
While Queens Park,6107 ranked number 57th in WA for increase in median house value (annualised) increase, it is ranked 61th over the last 5 years.
Sellers are offering property buyers an average discount of -2.75% to buyers in Queens Park at the moment, which is less than average for the rest of WA.
In the last year 28 properties changed hands in Queens Park, which puts it as the 59th most active market in WA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3870 per annum or $322.5 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.