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 -1.52%.
Taking the average capital gain, or increase in median house value, Queens Park,6107 has racked up an average of -1.52% over the period. This ranks it number 3770th in the whole country for real estate investors looking at median house price increases.
Queens Park6107 is located in WA which offers an average discount of -7.92% to property investors. Queens Park itself is showing figures that indicate -7.55% is the average achievable by property buyers investing in the suburb.
Investment property in Queens Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.52%
While Queens Park,6107 ranked number 43th in WA for increase in median house value (annualised) increase, it is ranked 82th over the last 5 years.
The most recent median price for Queens Park is $285000, with sellers offering an average of -8.67% off the asking price.
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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 it is attracting many mum and dad investors and first home buyers."Full summary
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.
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