Suburb Profile Report for East Victoria Park WA (6101)

East Victoria Park House: Median price $600,000, Annual capital growth 2.18%, Number of sales 141, Weekly median advertised rent $395

East Victoria Park Unit: Median price $385,826, Annual capital growth 0.78%, Number of sales 51, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

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.

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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

YIP MAG Information supplied by:

YIP MAG
February 2016

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Values in surrounding suburbs may have stagnated of late,but East Victoria Park in WA has experienced steady growthover the past five years, says Shane Vasile, licensee/director of Acton Victoria Park.

Just 4km from the Perth CBD, with good public transport links and proximity to Swan River and Perth’s largest university, East Victoria Park is a suburb boasting a soughtafter location and solid infrastructure. But Shane says it’s the gentrification of this inner-city suburb that has been the real drawcard for buyers.

“The amazing new high street cafe strip and restaurants have attracted people to the area,” says Vasile.

“There’s a much younger demographic now moving in, and with a lot of new apartments and mixed housing it’s still quite affordable. They want to live here; it’s somewhere that’s desirable to be.”

Demand in the neighbourhood is consistent, with a balanced mix of investors and owner-occupiers competing to get into the market.

“We’ve had a bit of a downturn across the board here, but East Victoria Park is the exception. It’s thriving,” Shane explains.

He adds that most of the blocks are subdividable, and if investors keep the older-style, 1920s workers’ cottages on the front, they then also have the option to build a new home at the rear, “which adds value”.
Metrics i HOUSE UNIT
$600,000 $385,826
-3.77% -1.49%
1.69% 0.21%
2.18% 0.78%
$395 $330
141 51
3.42% 4.45%
85.4036697247707 94.84375

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), Balanced (U)
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Demographics
Total population 9031
Median household income ($/weekly) 1503
Median age of persons 33
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 833 9.2
    20-24 years 939 10.4
    25-34 years 1992 22.1
    35-44 years 1555 17.2
    45-54 years 1091 12.1
    Others 2620 29.0
    Age Group
    Census Count Percent(%)
    Not Married 3314 48.5
    Registered Married 2699 39.5
    Defacto Relationship 825 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4977 58.5
    Indonesia 362 4.3
    Papua New Guinea 278 3.3
    United Kingdom 688 8.1
    Other 719 8.4
    Others 1487 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 312 3.9
    Christianity 4421 54.7
    Hinduism 230 2.8
    Islam 419 5.2
    No Religion 2551 31.6
    Others 152 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 278 8.5
    $1,250-$1,499 242 7.4
    $1,500-$1,999 402 12.3
    $2,000-$2,499 291 8.9
    $2,500-$2,999 419 12.8
    Others 1638 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3176 44.5
    Not in the labour force 1895 26.6
    Employed, worked part-time 1493 20.9
    Employed, away from work 307 4.3
    Unemployed, looking for work 260 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 570 11.5
    Professionals 1493 30.0
    Technicians & trades workers 664 13.3
    Community & personal service workers 452 9.1
    Clerical & administrative workers 686 13.8
    Others 1112 22.3
    Occupation
    Census Count Percent(%)
    Pre-school 122 5.4
    Infants/Primary 601 26.5
    Secondary 323 14.2
    Technical or Further Educational Institution 284 12.5
    University or other Tertiary Institutions 859 37.8
    Others 81 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6478 76.9
    Semi-detached, row or terrace house, townhouse 1134 13.5
    Flat, unit or apartment 804 9.5
    Caravan, cabin, houseboat 7 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1564 44.3
    Being purchased 1221 34.6
    Fully owned 740 20.9
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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