At number 3152th in the list of Australian suburbs ordered by increase in median house value over the last year, Queens Park, 6107 is in the BOTTOM 30% with a property value increase of 5.00% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Queens Park comes in at number 381th in WA.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.04% offered to property buyers. Sellers in Queens Park itself are offering an average vendor discount of -5.45% to real estate investors.
Queens Park is 174th on a list of best yielding suburbs for rents in WA with a 4.70% return
With a capital gain of -12.21% for the last 12 months, Queens Park, 6107 has performed for property investments than its average annual -4.35% property growth over the last 5 years.
Over the longer term, Queens Park has seen property prices show investors a -28.32% return over the last 3 years. This is an improvement over the last 12 months
Situated 10.21km from the CBD, Queens Park is one of Canning (C) localities in the postcode 6107.
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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.