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:
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.