Suburb Profile Report for Queens Park WA (6107)

Queens Park House: Median price $425,000, Annual capital growth 2.17%, Number of sales 91, Weekly median advertised rent $340

Queens Park Unit: Median price $297,000, Annual capital growth 0.19%, Number of sales 21, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -8.60% for the last year, Queens Park, 6107 is the 3805th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Queens Park comes in at number 359th in WA.

Sellers are offering property buyers an average discount of -8.98% to buyers in Queens Park at the moment, which is less than average for the rest of WA.

Queens Park is 195th on a list of best yielding suburbs for rents in WA with a 4.16% return

At number 1539th in the list of Australian suburbs ordered by increase in median house value over the last year, Queens Park, 6107 is in the BOTTOM 20% with a property value increase of -10.00% recorded in median house prices.

Queens Park,6107 has offered an average of -10.00% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Queens Park is offering property investors an average of -8.93. This rate of discount on properties puts Suburb at number 95th in terms of most discounted suburbs in WA

At number 779 in a list of fastest selling suburbs, Queens Park is just in the bottom half of suburbs in Australia with an average of days on market 75.9 for properties listed there.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 0.19%, investors should hope to achieve an overall return of 5.25%

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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 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
$425,000 $297,000
-0.70% -3.41%
-8.60% -10.00%
2.17% 0.19%
$340 $300
91 21
4.16% 5.25%
86.92 75.9

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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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
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Recent sales & rentals