Over the last year, property investments in Queens Park, 6107 have given investors a capital gain of -7.62%. This compares badly with the -1.99% for WA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Queens Park comes in at number 335th in WA.
The most recent median price for Queens Park is $400000, with sellers offering an average of -10.26% off the asking price.
At number 1747 in a list of fastest selling suburbs, Queens Park is just in the top half of suburbs in Australia with an average of days on market 77.4222 for properties listed there.
Queens Park, 6107’s gross rental yield is 4.68%
Giving property investors a a poor capital gain of -19.64% for the last year, Queens Park, 6107 is the 1449th highest performer in Australia in this respect.
While Queens Park,6107 ranked number 33th in WA for increase in median house value (annualised) increase, it is ranked 98th over the last 5 years.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of -2.95%, investors should hope to achieve an overall return of 7.86%
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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.