At number 344th in the list of Australian suburbs ordered by increase in median house value over the last year, Queens Park, 6107 is in the top 10% with a property value increase of 34.72% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Queens Park,6107 has racked up an average of 34.72% over the period. This ranks it number 199th in the whole country for real estate investors looking at median house price increases.
Queens Park, 6107 is offering WA ‘s 92th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this WA.
Queens Park, 6107’s gross rental yield is 0.00%
WA has seen average median house prices change by 12.15% which means that Queens Park, 6107 has done well for property investors by showing a capital gain of 46.67% over the last year
Over the longer term, Queens Park has seen property prices show investors a 40.13% return over the last 3 years. This is an improvement over the last 12 months
Queens Park6107 is located in WA which offers an average discount of -0.73% to property investors. Queens Park itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Queens Park have been waiting around 41.3571 days to sell a property.
Renters in Suburb are facing rents around $26780 per annum or $515 every week.
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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.