At number 3781th in the list of Australian suburbs ordered by increase in median house value over the last year, Victoria Park, 6100 is in the BOTTOM 10% with a property value increase of -10.89% recorded in median house prices.
A -10.04% growth in median value for property investors in Victoria Park,6100 puts this suburb at number 389th in terms of best performing suburbs in WA
At number 199th of WA’s most discounted properties, Victoria Park is in the middle of the state/territory when listing in order of most discounted to least.
The WA suburb of Victoria Park, 6100 is in the Victoria Park (T) local government area.
At number 41th in the list of Australian suburbs ordered by increase in median house value over the last year, Victoria Park, 6100 is in the top 10% with a property value increase of 30.77% recorded in median house prices.
Comparing Victoria Park,6100 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -4.80% to buyers in Victoria Park at the moment, which is less than average for the rest of WA.
Situated 4.51km from the CBD, Victoria Park is one of Victoria Park (T) localities in the postcode 6100.
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.