WA has seen average median house prices change by -2.74% which means that East Victoria Park, 6101 has not done well for property investors by showing a capital gain of 1.69% over the last year
East Victoria Park,6101 was ranked 3459 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that East Victoria Park is offering property investors an average of -8.58. This rate of discount on properties puts Suburb at number 125th in terms of most discounted suburbs in WA
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 2.18%, investors should hope to achieve an overall return of 3.42%
East Victoria Park has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.21% to date .
Across a shorter period, East Victoria Park, 6101 has seen a median price increase of -1.49% over the last quarter.
Property investors looking for a bargain in East Victoria Park should be aiming for at least -8.70% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in East Victoria Park the average time real estate has been on the market is 94.8438 days.
East Victoria Park is 82th on a list of best yielding suburbs for rents in WA with a 4.45% return