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%
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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