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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $3,900,000.
The upward trend in home prices in QUEENS PARK, 2022 averaged 6.98% per annum over a 3-year period.
Average weekly rents on listings have reached the $1850 mark, reflecting a 2.47% increase in returns based on the current median price in QUEENS PARK.
An average of 3.5 real estate transactions take place per month in QUEENS PARK which translates to 42 per annum.
42 properties were sold in QUEENS PARK in 2016, making it the 507th most active market in NSW based on total real estate transactions.
QUEENS PARK, 2022 places 1227th in Australia based on median property value growth during the quarter.
Queens Park is a peaceful and sought-after suburb located approximately 6 kilometres east of the Sydney Central Business District. It is part of the Waverley Council area. It is nestled between Bondi Junction and the vast Centennial Parklands, making it an attractive residential location with a balance of urban amenities and green spaces.
According to the latest Census data, the suburb has a small population of around 3,100. The demographic comprises families and professionals, with the median age of residents being 38. The area is characterised by charming Victorian and Federation-style homes, adding to its appeal for those seeking a suburban lifestyle with proximity to the city.
Queens Park offers excellent public transport links, with bus routes connecting it to nearby Bondi Junction. Residents can access the T4 Eastern Suburbs & Illawarra Line for direct train services to the Sydney CBD and other significant areas. Bondi Junction also provides a large bus interchange, enhancing connectivity for those who rely on public transport.
As its name suggests, one of Queens Park's main highlights is its proximity to expansive parklands. Centennial Park, one of Sydney’s largest urban parks, borders the suburb and offers a range of recreational activities, including cycling, jogging, picnicking, and horse riding. Queens Park, a smaller park within the larger Centennial Parklands, is a popular spot for families, with open spaces for sports and playgrounds for children.
Queens Park is close to various essential establishments, including Westfield Bondi Junction, which offers shopping, cafes, and dining options. Schools in the area include Waverley College, a prominent boys' school, and St. Catherine’s School for girls, located nearby.
With its ideal blend of tranquillity, accessibility, and proximity to key Sydney attractions, Queens Park is a highly desirable suburb for families and professionals alike.