Queens Park has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -3.94% to date .
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of 0.00%. This puts Suburb as 114 on a list of fastest fasting appreciating suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Queens Park is offering property investors an average of -8.04. This rate of discount on properties puts Suburb at number 336th in terms of most discounted suburbs in WA
Residents and property investors in Queens Park have been waiting around 82.04 days to sell a property.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Property investors who have had real estate in Queens Park, 6107 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -13.16%
When looking at the potential capital gains offered to property investors over the last 3 years, Queens Park comes in at number 88th in WA.
At number 94th of WA’s most discounted properties, Queens Park is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $4140 per annum or $345 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.