The suburb’s capital gain of 0.78% for the past year is lower than average compared to its 12.17% growth within a five-year period.
Also in VICTORIA PARK, the median home price is sitting at $645,000, and the average rent at $415, this suggests property owners could potentially earn a 3.35% increase in gross rental yield.
Property investors have seen a 2.87% gain in VICTORIA PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.87% growth over a ten-year period. It ranks 2663rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.78%||4.26%|
|Median 3 years||-5.15%||-2.58%|
|Median 5 years||12.17%||13.25%|
|10 years average annual||2.87%||3.33%|
|Weekly media advert. rent||$415||$300|
|Time on Market||66.4 days||126.1 days|
|Gross Rental Yield Percent||3.35%||3.44%|