Suburb Profile Report for Victoria Park WA (6100)

Victoria Park House: Median price $597,000, Annual capital growth 1.72%, Number of sales 71, Weekly median advertised rent $438

Victoria Park Unit: Median price $363,000, Annual capital growth 1.40%, Number of sales 76, Weekly median advertised rent $310

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

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

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Victoria Park, 6100 have given investors a capital gain of -9.55%. This compares very badly with the -2.74% for WA as a whole.

Across a shorter period, Victoria Park, 6100 has seen a median price increase of -4.10% over the last quarter.

The most recent median price for Victoria Park is $597000, with sellers offering an average of -7.42% off the asking price.

At number 833 in a list of fastest selling suburbs, Victoria Park is in the TOP 30% of suburbs in Australia with an average of days on market 60.7407 for properties listed there.

Property investors should expect to get $437.5 weekly from the median priced house in this suburb.

With a capital gain of -13.67% for the last 12 months, Victoria Park, 6100 has performed for property investments than its average annual 1.40% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Victoria Park has given property investors a paper return of 3.35%. This puts Suburb as 19 on a list of fastest fasting appreciating suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Victoria Park is offering property investors an average of -9.70. This rate of discount on properties puts Suburb at number 64th in terms of most discounted suburbs in WA

Residents and property investors in Victoria Park have been waiting around 76.0536 days to sell a property.

Victoria Park, 6100’s gross rental yield is 4.44%

YIP MAG Information supplied by:

YIP MAG
April 2015

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Known as the eastern gateway to Perth’s CBD, Victoria Park offers an excellent location with some stunning riverside views.

As three arterial roads intersect at the head of the suburb, located only 3km from the CBD, the word ‘accessible’ is a bit of an understatement.

The popularity of this suburb is clear, as houses only stay on the market for 26 days, one of the fastest selling rates in Perth.

Public transport in Victoria Park is also excellent: a number of bus routes pass through the suburb and a rail station is within walking distance.

Two shopping centres service the area and there are three schools, as well as cafes, restaurants, medical centres and Curtin University nearby.

Victoria Park’s median house price is a lot less expensive than neighbouring Burswood ($795,500) and Kensington ($892,000).

Three-bedroom homes ideal for families, on Mackie Street and Teague Street, can be bought for less than $580,000.

Selling points: Close to city & Swan River, restaurant & café precinct

Most sought after properties: Renovated & unrenovated character houses
 
Most common properties:  Character houses & blocks of units
 
Top amenities: Swan River, restaurants & cafes, shops
 
Local industry and business: Restaurants, cafes, retail shops
 
Public transport: Buses & train station
 
Main arteries: Albany Hwy, Shepperton Rd, Canning Hwy, Kent St
Metrics i HOUSE UNIT
$597,000 $363,000
-4.10% 3.35%
-9.55% -13.67%
1.72% 1.40%
$438 $310
71 76
3.81% 4.44%
60.7407407407407 76.0535714285714

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. 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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