Property investors who have had real estate in Queens Park, 6107 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.00%
Queens Park,6107 has offered an average of 3.00% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Queens Park 6107 should be seeing an average reduction in asking price of around -6.67% . This means that Queens Park is holding prices well when compared to other suburbs in WA.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
Queens Park, 6107 ranked 97th in WA when comparing growth in median property values or capital gain over the last 12 months. Queens Park is one of 1662 in our list for WA
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of 0.00%. This puts Suburb as 69 on a list of fastest fasting appreciating suburbs in WA
Using the current median advertised rental of $340 and the average annual increase in value of a median property of -4.89%, investors should hope to achieve an overall return of 8.62%
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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.