Giving property investors a an average capital gain of 1.25% for the last year, Queens Park, 6107 is the 2020th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of 1.25%. This puts Suburb as 134 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Queens Park are currently offering property investors an average price cut of -8.66% below the asking price at the moment.
The WA suburb of Queens Park, 6107 is in the Canning (C) local government area.
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 -8.33%
The five-year average increase in median property values for Queens Park,6107 has given property investors a potential capital gain of -42.11% across each of those five years.
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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.