VICTORIA PARK ranks 422nd in WA when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 1.56% for the past year is lower than average compared to its 10.17% growth within a five-year period.
Also in VICTORIA PARK, the median home price is sitting at $650,000, and the average rent at $400, this suggests property owners could potentially earn a 3.2% increase in gross rental yield.
Property investors have seen a 0% 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 2.48% growth over a ten-year period. It ranks 2767th on our list of suburbs that property investors should look into.
A -1.56% increase in median property prices in VICTORIA PARK, 6100 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 33rd.
A steady increase in median property prices over a five-year period in VICTORIA PARK, 6100 translates to a -7.71% 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 $443,000.
Augmented property values in VICTORIA PARK are trailing above the WA average of -4.94% for the past year.
Real estate investors could earn a rental income of $290 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 122.7 days days before their assets are lifted off the market.
VICTORIA PARK ranks 98th on the list of best yielding suburbs for rental properties in WA, posting a 3.4% return.
VICTORIA PARK, 6100 places 59th in Australia based on median property value growth during the quarter.