WA has seen average median house prices change by -1.90% which means that Queens Park, 6107 has not done well for property investors by showing a capital gain of 0.35% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queens Park has fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Queens Park, 6107. Typically our figures indicate that -7.41% is being offered, which puts this WA suburb at 864th most discounted overall in Australia.
Queens Park, 6107’s gross rental yield is 3.89%
Property value increases in Queens Park have tracked just lower than the WA average of -4.81% over the last 12 months.
Across a shorter period, Queens Park, 6107 has seen a median price increase of -1.38% over the last quarter.
At number 50th of WA’s most discounted properties, Queens Park is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Queens Park being $285000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.47%
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
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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.