Queens Park has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of 4.05% to date .
If we look at median property appreciation over just the last three months, Queens Park has given property investors a paper return of 2.75%. This puts Suburb as 193 on a list of fastest fasting appreciating suburbs in WA
At number 111th of WA’s most discounted properties, Queens Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.
At number 1987 in a list of fastest selling suburbs, Queens Park is just in the bottom half of suburbs in Australia with an average of days on market 69.9833 for properties listed there.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 0.36%.
Over the last year, property investments in Queens Park, 6107 have given investors a capital gain of -6.82%. This compares badly with the 1.06% for WA as a whole.
While Queens Park,6107 ranked number 66th in WA for increase in median house value (annualised) increase, it is ranked 107th over the last 5 years.
Renters in Suburb are facing rents around $17680 per annum or $340 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.