Victory Heights

VICTORY HEIGHTS, 6432 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling VICTORY HEIGHTS, 6432 values up and netting property investors a capital gain of 32.2% for the past year.

Investors saw the median home price rise to $390,000.

Profits due to an upward trend in home prices in the suburb averaged 7.29% per annum over a 3-year period.

VICTORY HEIGHTS now ranks at the 160th 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 VICTORY HEIGHTS are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $595 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In VICTORY HEIGHTS, homes and units usually stay on listing for an average of 43.1 days.

In 2016, 29 properties were sold in VICTORY HEIGHTS during the past year, making it the 254th most active market in WA based on total real estate transactions.