Suburb Profile Report for Queens Park WA (6107)

Queens Park House: Median price $456,500, Annual capital growth 3.05%, Number of sales 86, Weekly median advertised rent $350

Queens Park Unit: Median price $315,000, Annual capital growth 1.32%, Number of sales 25, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Queens Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.35%

If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of -1.83%. This puts Suburb as 270 on a list of fastest fasting appreciating suburbs in WA

Property buyers and investors in Queens Park 6107 should be seeing an average reduction in asking price of around -7.91% . This means that Queens Park is holding prices well when compared to other suburbs in WA.

Residents and property investors in Queens Park have been waiting around 88.95 days to sell a property.

Investment property in Queens Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.64%

If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of -3.82%. This puts Suburb as 78 on a list of fastest fasting appreciating suburbs in WA

Vendor discounting in Queens Park is giving property investors an average Vendor Discount of around -4.27%. This puts suburb at number 100th in WA when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Advertised rents are around the $315 mark per week – giving a return of 5.20% based on the median price in Suburb

Information supplied by:




M
O

W
E
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

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.

Close
Metrics i HOUSE UNIT
$456,500 $315,000
-1.83% -3.82%
-1.35% -10.64%
3.05% 1.32%
$350 $315
86 25
3.99% 5.20%
88.95 75.16

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Queens Park WA
Demographics
Total population 5379
Median household income ($/weekly) 1313
Median age of persons 30
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 642 11.9
    20-24 years 572 10.6
    25-34 years 1243 23.1
    35-44 years 838 15.6
    45-54 years 561 10.4
    Others 1523 28.3
    Age Group
    Census Count Percent(%)
    Not Married 1872 47.9
    Registered Married 1646 42.1
    Defacto Relationship 390 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2246 44.7
    Indonesia 357 7.1
    Philippines 232 4.6
    United Kingdom 250 5.0
    Other 580 11.5
    Others 1364 27.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 340 7.0
    Christianity 2571 52.8
    Hinduism 201 4.1
    Islam 642 13.2
    No Religion 972 20.0
    Others 141 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 149 9.0
    $600-$799 152 9.2
    $1,000-$1,249 146 8.8
    $1,500-$1,999 233 14.0
    $2,000-$2,499 189 11.4
    Others 792 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1736 43.0
    Not in the labour force 1196 29.6
    Employed, worked part-time 740 18.3
    Employed, away from work 185 4.6
    Unemployed, looking for work 179 4.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 513 19.3
    Technicians & trades workers 460 17.3
    Community & personal service workers 298 11.2
    Clerical & administrative workers 388 14.6
    Labourers 321 12.1
    Others 682 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.4
    Infants/Primary 404 28.9
    Secondary 246 17.6
    Technical or Further Educational Institution 232 16.6
    University or other Tertiary Institutions 373 26.7
    Others 66 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3867 78.0
    Flat, unit or apartment 669 13.5
    Semi-detached, row or terrace house, townhouse 392 7.9
    Caravan, cabin, houseboat 29 0.6
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 734 40.2
    Being purchased 711 39.0
    Fully owned 351 19.2
    Other tenure type 29 1.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals