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%
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.