Victoria Park (postcode 6100) is a medium-sized suburb in Western Australia within the Victoria Park local government area. The area has roughly 9,334 residents and a blend of families and working-age professionals, with a median age of 35. Households earn a median income of $95K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Victoria Park stand at $975,000, having risen solidly by 8.9% over the last twelve months. Units have a median price of $450,000 (-6.2% YoY). The current median weekly rent is $515. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,946.
Victoria Park is served by 4 schools, including 3 primary, 1 combined. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 50 bus stops.
Looking at the investment signals, Victoria Park shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($975K/$951K). The price-to-income ratio of 10.3x is considered stretched. House prices have moved +8.9% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.