Town of Victoria ParkEconomic profile
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Town of Victoria Park

Rental listings

At June 2018, the Town of Victoria Park had a median house rental of $380, $30 higher than the median house rental for Western Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Automated Valuation System

Rental listings
Town of Victoria Park20182014Change
Housing value (at June)Town of Victoria ParkWestern AustraliaTown of Victoria Park relative to Western AustraliaTown of Victoria ParkWestern AustraliaTown of Victoria Park relative to Western Australia2014 to 2018
House--------------
First Quartile$325$300+8.3%$390$350+11.4%-$65
Median$380$350+8.6%$450$420+7.1%-$70
Third Quartile$460$430+7.0%$540$510+5.9%-$80
Median Rental Yield3.5%4.4%--3.9%4.5%----
Unit--------------
First Quartile$250$260-3.8%$320$320+0.0%-$70
Median$310$320-3.1%$400$400+0.0%-$90
Third Quartile$380$395-3.8%$500$500+0.0%-$120
Median Rental Yield4.4%4.8%--4.7%4.9%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Western Australia: $395 Median, Western Australia: $320 First Quartile, Western Australia: $260 Third Quartile, Western Australia: $430 Median, Western Australia: $350 First Quartile, Western Australia: $300 Third Quartile, Town of Victoria Park: $380 Median, Town of Victoria Park: $310 First Quartile, Town of Victoria Park: $250 Third Quartile, Town of Victoria Park: $460 Median, Town of Victoria Park: $380 First Quartile, Town of Victoria Park: $325
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Western Australia: $-105 Median, Western Australia: $-80 First Quartile, Western Australia: $-60 Third Quartile, Western Australia: $-80 Median, Western Australia: $-70 First Quartile, Western Australia: $-50 Third Quartile, Town of Victoria Park: $-120 Median, Town of Victoria Park: $-90 First Quartile, Town of Victoria Park: $-70 Third Quartile, Town of Victoria Park: $-80 Median, Town of Victoria Park: $-70 First Quartile, Town of Victoria Park: $-65
Source: Hometrack 2014-2018, Automated Valuation System

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