Giving property investors a an unimpressive capital gain of 0.00% for the last year, Queens Park, 6107 is the 2900th highest performer in Australia in this respect.
Over the longer term, Queens Park has seen property prices show investors a -5.44% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Queens Park 6107 should be seeing an average reduction in asking price of around -4.23% . This means that Queens Park is holding prices well when compared to other suburbs in WA.
Advertised rents are around the $350 mark per week – giving a return of 4.55% based on the median price in Suburb
Queens Park is in the bottom 40% in WA when comparing median price capital growth over the last year. Queens Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.82%.
When looking at the potential capital gains offered to property investors over the last 3 years, Queens Park comes in at number 104th in WA.
Advertised rents are around the $330 mark per week – giving a return of 8.37% based on the median price in Suburb
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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.