WA has seen average median house prices change by -2.45% which means that Queens Park, 6107 has not done well for property investors by showing a capital gain of -9.03% over the last year
The five-year average increase in median property values for Queens Park,6107 has given property investors a potential capital gain of 5.75% across each of those five years.
Sellers are offering property buyers an average discount of -7.53% to buyers in Queens Park at the moment, which is less than average for the rest of WA.
Queens Park, 6107 ranked 72th in WA when comparing growth in median property values or capital gain over the last 12 months. Queens Park is one of 1662 in our list for WA
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of -0.85%. This puts Suburb as 46 on a list of fastest fasting appreciating suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -9.36% offered to property buyers. Sellers in Queens Park itself are offering an average vendor discount of -6.78% to real estate investors.
A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 0.00%.
Ray White Cannington principal Michael Smart says the area offers some of the largest blocks of land available within 11km of the CBD. “There are a lot of redevelopment opportunities within Queens Park, and it is attracting many mum and dad investors and first home buyers."Full summary
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Ray White Cannington principal Michael Smart says the area offers some of the largest blocks of land available within 11km of the CBD. “There are a lot of redevelopment opportunities within Queens Park, and is attracting many mums and dads investors and first home buyers. The area has good infrastructure and, for its location, it is good value.”
Smart says that with the recent amount of development in the area, the unit market is a little on the oversubscribed side, but that houses show good potential. “On the large blocks of land, demand from developers is good thanks to its close proximity to the CBD.”
Best street(s): Bargain hunters can find some of the cheapest properties along Reginald St, Dora St or Whitlock Road, while the more expensive houses are located along Treasure Road and Dowley Ct.