Queens Park has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.23% to date .
Queens Park,6107 was ranked 1486 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -10.03% to buyers in Queens Park at the moment, which is less than average for the rest of WA.
Often selling an investment property can take time, and in Queens Park the average time real estate has been on the market is 93.14 days.
Property value increases in Queens Park have tracked lower than the WA average of -5.72% over the last 12 months.
Over the longer term, Queens Park has seen property prices show investors a -30.30% return over the last 3 years. This is an improvement over the last 12 months
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.