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Perth’s investment secret: Queens Park for growth and yields
With its proximity to Perth CBD, strong rental yields, and solid growth fundamentals, Queens Park has emerged as one of the hidden gems for investors, according to SPI’s FAST 50 report.
Queens Park is among the top suburbs listed in Smart Property Investment’s 2026 FAST 50 report for savvy investors.
The Fast 50 report is an annual publication by Smart Property Investment designed to identify 50 Australian suburbs with strong growth potential over the next 12 months.
It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar opportunities for investors.
Unlike traditional reports, the Fast 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.
Located just 11 kilometres south-east of the Perth CBD, Queens Park is a diverse and rapidly evolving suburb attracting families, first home buyers, and investors alike.
The area offers a mix of older character homes and modern infill developments, often set on generous blocks that present strong potential for subdivision and redevelopment.
The area benefits from easy access to Westfield Carousel, quality schools, medical services, local parks, and sporting facilities.
Similarly, residents have convenient transport links, including Queens Park Train Station and major arterial roads, which ensure a smooth commute into the Perth CBD.
The property market in Queens Park has shown momentum, with the median house price currently sitting at $700,000 and a strong median rent of $680 per week, delivering a healthy gross rental yield of 5.10 per cent.
Over the past 12 months, the suburb has experienced remarkable growth of 40.30 per cent, supported by an average annual growth rate of 3.90 per cent.
Combining affordability, accessibility, and robust investment fundamentals, Queens Park continues to strengthen its reputation as one of Perth’s most appealing growth suburbs.
Check all the suburbs in the Fast 50 report here.
