East Victoria Park

POSTAL CODE: WA, 6101

HOUSE

UNIT

EAST VICTORIA PARK, 6101 ranks 432nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.87% for property investors.

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 $1,230,000.

The upward trend in home prices in EAST VICTORIA PARK, 6101 averaged 20.79% per annum over a 3-year period.

Average weekly rents on listings have reached the $770 mark, reflecting a 3.26% increase in returns based on the current median price in EAST VICTORIA PARK.

An average of 14.42 real estate transactions take place per month in EAST VICTORIA PARK which translates to 173 per annum.

173 properties were sold in EAST VICTORIA PARK in 2016, making it the 365th most active market in WA based on total real estate transactions.

EAST VICTORIA PARK, 6101 places 168th in Australia based on median property value growth during the quarter.

The suburb also 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 $705,000.

Average median unit prices in WA have risen as a whole, pulling EAST VICTORIA PARK, 6101 values up and netting property investors a capital gain of 30.56% for the past year.

Investors saw the median home price rise to $705,000.

The upward trend in home prices in EAST VICTORIA PARK, 6101 averaged 26.58% per annum over a 3-year period.

EAST VICTORIA PARK now ranks at the 79th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in EAST VICTORIA PARK are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $680 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In EAST VICTORIA PARK, homes and units usually stay on listing for an average of 30.5 days.

69 properties were sold in EAST VICTORIA PARK in 2016, making it the 13th most active market in WA based on total real estate transactions.

Surburb overview

East Victoria Park, affectionately known as "East Vic Park," is an inner southeastern suburb of Perth, Western Australia, approximately 5 kilometres from the central business district. Established in the 1890s, the suburb has evolved into a predominantly residential area complemented by a vibrant commercial and entertainment strip along Albany Highway.

According to the 2021 Census, East Victoria Park has a population of 10,569, with a median age of 36. The diverse community comprises families, professionals, and students, contributing to its dynamic atmosphere.

The suburb is well-served by public transportation, including the Armadale/Thornlie train line. Nearby Carlisle and Oats Street stations provide residents convenient access to Perth's CBD and surrounding areas. Additionally, multiple bus routes traverse the region, enhancing connectivity.

East Victoria Park boasts a variety of amenities, including numerous parks that cover nearly 8.1% of the suburb's total area, offering residents ample recreational spaces. The Albany Highway commercial strip is renowned for its diverse restaurants, cafes, and shops, making it a popular destination for dining and entertainment. The suburb also features educational institutions and community facilities that cater to the needs of its residents.

The property market in East Victoria Park reflects its desirability. As of December 2024, the median house price is approximately $880,000, with a median weekly rent of $700. The area offers various housing options, including character homes and modern developments, catering to diverse preferences.

East Victoria Park is known for its vibrant community spirit and active lifestyle. The suburb hosts various local events and markets, fostering a strong sense of community engagement. Its proximity to Curtin University also attracts a student population, adding to the suburb's youthful energy.

Overall, East Victoria Park offers a balanced blend of residential comfort and urban convenience, making it an attractive location for diverse residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,230,000	$705,000
Growth Report
Median Quarterly	6.45%	3.52%
Median 12 month	23.87%	30.56%
Median 3 years	62.38%	79.73%
Median 5 years	89.23%	64.91%
10 years average annual	7.24%	6.6%
Weekly media advert. rent	$770	$680
Time on Market	21.3 days	30.5 days
Gross Rental Yield Percent	3.26%	5.02%

Demographics (Median Values)*

Total Population 16551

Weekly Household Income 1616

Household Size 2.30

Average Age 33

Monthly Loan Repayment 2050

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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