Investment property in Queens Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.34%
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of 2.36%. This puts Suburb as 89 on a list of fastest fasting appreciating suburbs in WA
Sellers are offering property buyers an average discount of -10.88% to buyers in Queens Park at the moment, which is less than average for the rest of WA.
Advertised rents are around the $360 mark per week – giving a return of 4.32% based on the median price in Suburb
If you compare the increase in value of investment property in Queens Park, 6107 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -3.39%.
The five-year average increase in median property values for Queens Park,6107 has given property investors a potential capital gain of -24.30% across each of those five years.
Queens Park, 6107 is offering WA ‘s 14th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this WA.
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.