With a capital gain of -6.68% for the last 12 months, Victoria Park, 6100 has performed for property investments than its average annual 2.15% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Victoria Park,6100 has racked up an average of -6.68% over the period. This ranks it number 3175th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.18% to buyers in Victoria Park at the moment, which is less than average for the rest of WA.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
Situated 4.39km from the CBD, Victoria Park is one of Victoria Park (T) localities in the postcode 6100.
WA has seen average median house prices change by -5.11% which means that Victoria Park, 6100 has not done well for property investors by showing a capital gain of -2.63% over the last year
A -22.92% growth in median value for property investors in Victoria Park,6100 puts this suburb at number 33th in terms of best performing suburbs in WA
At number 45th of WA’s most discounted properties, Victoria Park is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $310 mark per week – giving a return of 4.36% based on the median price in Suburb
Information supplied by:
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.