Get a property report and suburb profile for any property in East Victoria Park

East Victoria Park sits on the eastern bank of the Swan River and combines a lively Albany Highway commercial strip with quiet residential streets. Weatherboard and brick cottages and bungalow-era homes sit alongside infill townhouses and newer apartments, so the area mixes established character with contemporary housing. Albany Highway shops include cafes, bars and everyday services, while river foreshore paths and neighbourhood parks provide outdoor options. Good road links across the Causeway and frequent buses along Albany Highway make getting around straightforward.

About 10,569 people live here; the median age is 35 and the median household income is $2,100 a week. The community is weighted towards couples, with 84.6% of families as couple families (43.5% without children and 41.1% with children), and housing tenure is mixed at 58.6% owner-occupied and 41.5% rented. Recent rail and local streetscape projects have added elevated stations, new public spaces such as "Long Park", protected bike lanes and a $1.1 million upgrade to John Macmillan Park, increasing local amenity. Whether that mix suits you depends on what you want from a suburb.

On the figures for East Victoria Park, buying is substantially further above local incomes than renting. A median house price of $1,240,000 works out to about 11.4 times a typical local household's annual income at the last Census, while the median unit price of $795,000 is about 7.3 times that annual income. Both price multiples sit well above what people in the area earned at the last Census, particularly houses.

Rents take a sizeable share of income: a house rent of $753 a week is about 36% of a typical local household's weekly income at the last Census, and a unit rent of $650 a week is about 31%. If you are weighing renting versus buying, rent is the immediate cash cost to focus on, while buying sits notably higher against those Census incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in East Victoria Park, both property values rose strongly: unit values climbed 31.3% and house values increased 20.8%. On the income side, unit rents were up 8.3% (a solid rise) while house rents rose 3.2% (a modest rise).

For someone weighing East Victoria Park as an investment, the figures show that units outperformed houses this year on both capital growth and rental income. Which of those outcomes matters to you will depend on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.