Property value increases in Queens Park have tracked close to the WA average of 13.08% over the last 12 months.
The five-year average increase in median property values for Queens Park,6107 has given property investors a potential capital gain of -4.30% across each of those five years.
Our latest figures would indicate that property sellers in Queens Park are currently offering property investors an average price cut of -3.90% below the asking price at the moment.
Property investors should expect to get $425 weekly from the median priced house in this suburb.
At number 106th in the list of Australian suburbs ordered by increase in median house value over the last year, Queens Park, 6107 is in the top 10% with a property value increase of 30.61% recorded in median house prices.
Queens Park6107 is located in WA which offers an average discount of -2.40% to property investors. Queens Park itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
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Ray White Cannington principal Michael Smart says the area offers some of the largest blocks of land available within 11km of the CBD. “There are a lot of redevelopment opportunities within Queens Park, and is attracting many mums and dads investors and first home buyers. The area has good infrastructure and, for its location, it is good value.”
Smart says that with the recent amount of development in the area, the unit market is a little on the oversubscribed side, but that houses show good potential. “On the large blocks of land, demand from developers is good thanks to its close proximity to the CBD.”
Best street(s): Bargain hunters can find some of the cheapest properties along Reginald St, Dora St or Whitlock Road, while the more expensive houses are located along Treasure Road and Dowley Ct.