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 -9.35%
Across a shorter period, Queens Park, 6107 has seen a median price increase of -1.52% over the last quarter.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 1.99%, investors should hope to achieve an overall return of 4.19%
Queens Park has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -9.23% to date .
The five-year average increase in median property values for Queens Park,6107 has given property investors a potential capital gain of -13.24% across each of those five years.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Queens Park is 20th on a list of best yielding suburbs for rents in WA with a 5.29% return
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
Information supplied by:
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.