VICTORIA PARK ranks 315th in WA when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 22.39% for the past year is higher than average compared to its 70.95% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in VICTORIA PARK, the median home price is sitting at $1,077,000, and the average rent at $800, this suggests property owners could potentially earn a 3.86% increase in gross rental yield.
Property investors have seen a 8.24% gain in VICTORIA PARK based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on VICTORIA PARK, 6100 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 22.39%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.8% growth over a ten-year period. It ranks 3237th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in VICTORIA PARK, 6100 translates to a 31.66% capital gain.
VICTORIA PARK, 6100 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $526,000.
Augmented property values in VICTORIA PARK are trailing above the WA average of 14.57% for the past year.
Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
Home owners selling their properties and realtors in VICTORIA PARK usually have to wait an average of 19.7 days days before their assets are lifted off the market.
VICTORIA PARK ranks 41st on the list of best yielding suburbs for rental properties in WA, posting a 5.93% return.
VICTORIA PARK, 6100 places 31st in Australia based on median property value growth during the quarter.