Suburb Profile Report for Victoria Park WA (6100)

Victoria Park House: Median price $615,000, Annual capital growth 2.15%, Number of sales 71, Weekly median advertised rent $430

Victoria Park Unit: Median price $370,000, Annual capital growth 1.53%, Number of sales 82, Weekly median advertised rent $310

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:




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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
$615,000 $370,000
0.00% 0.00%
-6.68% -2.63%
2.15% 1.53%
$430 $310
71 82
3.64% 4.36%
56.5185185185185 78.5892857142857

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (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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