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Queens Park, WA 6107

Home » WA Real Estate Data » City of Canning, WA » Queens Park, WA 6107

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Queens Park, WA 6107 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Queens Park, WA 6107”

  1. The total adult population (15 years or older) of Queens Park 6107 WA is 5,804, with a median age of 32. Of those, 47.35% are married, 9.61% are divorced or separated, 39.70% are single and 3.43% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,712. The median monthly mortgage repayment for households in this suburb is $1,640 which is 21.27% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of WA, the suburb of QUEENS PARK 6107 is a predominantly residential community, encompassing an estimated 3125 households. As we venture into Q3 of 2023, the current property landscape reveals that typical house prices in QUEENS PARK 6107 are circling around $508,616, while median weekly rent affirmatively stands at $468. These values whittle down to an indicative yield of 4.78%, comfortably surpassing the minimum market requirement of 3% sought after by cashflow-centric property investors.

    From a socio-economic perspective, QUEENS PARK 6107 boasts an IRSAD score of 974 out of 1217, indicating a favourable socio-economic status within the population. It’s noteworthy to mention the renter to owner ratio, which stands at 40%. This is slightly above the recommended ratio for potential investors, suggesting a market somewhat saturated with rental properties.

    Diligently diving deeper into the property specifics, QUEENS PARK 6107 flaunts a units to houses ratio of only 8%, indicating a low concentration of units – a favourable condition for investors as it potentially reduces competition among landlords, fostering higher rental yields. Affordability remains high in the area, the index highlighting that it would take an average of 26 years to fully own a property, below the standard 30-year mortgage.

    Examining the supply spectrum, the suburb showcases a stock on market Percentage of 0.73%, skirting the favourable range. The inventory level for houses rests at approximately 2.11 months, indicating an average absorption of new listings. Meanwhile, the suburb has a building approvals Ratio of 0.77% for houses, showing a low supply of new housing stock entering the market.

    Turning our lens towards the demand metrics, QUEENS PARK 6107 features a brisk 26 days on market for houses – signalling high demand. Mirroring this, the vacancy rate stands at a slim 0.48%, reinforcing the high-demand narrative. However, it’s important to acknowledge that the buy search index which is slightly below the high-demand indicator at 3, which may hint at a slightly limited demand relative to the state or city average.

    In conclusion, while some metrics may not rest ideally within the favourable ranges, it’s crucial to comprehend that market dynamics are forever fluctuating. The suburb’s Relative Composite Score remains a potent tool to assist in decoding these shifts, taking into account over 80 metrics to offer a holistic overview of market performance.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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