Suburb Profile Report for Victoria Park WA (6100)

Victoria Park House: Median price $591,000, Annual capital growth 0.92%, Number of sales 68, Weekly median advertised rent $470

Victoria Park Unit: Median price $405,000, Annual capital growth 1.61%, Number of sales 134, Weekly median advertised rent $335

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Victoria Park has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -3.11% to date .

Comparing Victoria Park,6100 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

The most recent median price for Victoria Park is $591000, with sellers offering an average of -6.55% off the asking price.

On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.

Victoria Park has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 25.08% to date .

While Victoria Park,6100 ranked number 72th in WA for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.

The most recent median price for Victoria Park is $405000, with sellers offering an average of -5.29% off the asking price.

Victoria Park, 6100’s gross rental yield is 4.30%

Information supplied by:




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Median House Price: $607,500

Current Yield (houses): 3.7%

Average annual growth (houses): 1.9%

Median Unit Price: $367,500

Current Yield (units): 4.4%

Average annual growth (units): 1.2%

The median house price for Victoria Park comes in at just over $607k, but Peter Koulizos, Program director of the Master of Property at the University of Adelaide, says that the suburb offers a comparatively cheap market considering its close proximity to Perth and the Swan River.

“Due to the size of blocks of land and types of homes in the area, redevelopment and renovation opportunities are plentiful,” Koulizos shares. “The nearby campuses of Curtin University and TAFE has the potential to increase demand for rental properties in Victoria Park.”

For houses, investors can pocket a median weekly rental income of $430.

Metrics i HOUSE UNIT
$591,000 $405,000
-2.23% -1.22%
-3.11% 25.08%
0.92% 1.61%
$470 $335
68 134
4.14% 4.30%
59.8085106382979 67.1578947368421

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 8539
Median household income ($/weekly) 1427
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1053 12.3
    25-34 years 2487 29.1
    35-44 years 1288 15.1
    45-54 years 963 11.3
    55-64 years 784 9.2
    Others 1964 23.0
    Age Group
    Census Count Percent(%)
    Not Married 3214 49.1
    Registered Married 2485 38.0
    Defacto Relationship 847 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3735 48.4
    Indonesia 492 6.4
    Papua New Guinea 280 3.6
    United Kingdom 649 8.4
    Other 766 9.9
    Others 1801 23.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 325 4.4
    Christianity 3785 51.4
    Hinduism 434 5.9
    Islam 461 6.3
    No Religion 2225 30.2
    Others 137 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 258 7.8
    $1,000-$1,249 306 9.2
    $1,250-$1,499 272 8.2
    $1,500-$1,999 429 12.9
    $2,500-$2,999 421 12.7
    Others 1629 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3346 48.9
    Not in the labour force 1665 24.4
    Employed, worked part-time 1310 19.2
    Unemployed, looking for work 269 3.9
    Employed, away from work 246 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 544 11.1
    Professionals 1459 29.7
    Technicians & trades workers 659 13.4
    Community & personal service workers 475 9.7
    Clerical & administrative workers 712 14.5
    Others 1059 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 95 5.0
    Infants/Primary 317 16.8
    Secondary 193 10.3
    Technical or Further Educational Institution 320 17.0
    University or other Tertiary Institutions 863 45.9
    Others 94 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3615 47.5
    Flat, unit or apartment 2180 28.6
    Semi-detached, row or terrace house, townhouse 1794 23.6
    House or flat attached to a shop, office 20 0.3
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1923 54.4
    Being purchased 928 26.3
    Fully owned 666 18.8
    Other tenure type 18 0.5
    Tenure Type
Census 2011, ABS
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