With a capital gain of -6.65% for the last 12 months, Queens Park, 6107 has performed for property investments than its average annual 1.31% property growth over the last 5 years.
While Queens Park,6107 ranked number 371th in WA for increase in median house value (annualised) increase, it is ranked 288th over the last 5 years.
Property investors looking for a bargain in Queens Park should be aiming for at least -8.79% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2941 in a list of fastest selling suburbs, Queens Park is in the bottom 30% of suburbs in Australia with an average of days on market 95.7931 for properties listed there.
The WA suburb of Queens Park, 6107 is in the Canning (C) local government area.
Queens Park is in the bottom 20% in WA when comparing median price capital growth over the last year. Queens Park gave property investors a dismal capital gain figure when compared to the rest of the state, with -16.38%.
Across a shorter period, Queens Park, 6107 has seen a median price increase of -13.98% over the last quarter.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Queens Park is 11th on a list of best yielding suburbs for rents in WA with a 7.37% return
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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.