Is it expensive to live in Victoria Park?

In Victoria Park a typical local household had a weekly income of about $1,828 at the most recent Census. On those figures, paying $800 a week to rent a house would take roughly 44% of a typical local household's weekly income, and $600 a week to rent a unit would take about 33% of that income, so house rent would be a large share and unit rent a sizeable share. Looking at buying, the median house price of $1,100,000 is about 11.6 times a typical local annual household income, and the median unit price of $605,000 is about 6.4 times that income, so purchasing sits well above local incomes, especially for houses. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Victoria Park a good place to invest?

What stands out in Victoria Park is how much faster property values rose than rents. Median house values rose a strong 23.2% over the last twelve months while house rents increased a modest 2.6%; median unit values climbed a strong 29.4% and unit rents rose a solid 9.1%. That means the recent gains were concentrated in capital growth rather than rental income for both houses and units. 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.

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Victoria Park suburb profile

Victoria Park is an inner Perth suburb with a lively town centre along Albany Highway, known for its cafes, restaurants and local shops. Tree-lined residential streets sit behind the retail strip, where a mix of single-fronted weatherboard cottages, interwar houses and low-rise apartment buildings reflects steady infill.

The suburb sits near the Swan River and parkland, with the Causeway providing a major road link to the city and a train station on the rail network plus regular bus services. Local reserves, sport grounds and small parks provide green space for walking and weekend recreation.

Victoria Park property market performance

Current median dwelling price$852,500Past 3 months

Property growth+26.3%Past 12 months

Victoria Park's median house price is $1.10 million, up 23.2% over 12 months, a strong rise, and the median unit price is $605,000, up 29.4% over 12 months, a sharp rise. Units rose faster than houses and sold more quickly, with a median of 9 days on market for units and 13 days for houses. That sharp unit gain is built on just 19 sales over 3 months, so the median is drawn from a small sample.

In Victoria Park, unit rents rose 9.1% over 12 months, a sizeable increase, while unit values rose by a larger margin.

	Houses	Units
Median price Past 3 months	$1.10M	$605K
Change in value Past 12 months	23.2%	29.4%
Sold Past 3 months	13	19
Median days on market Past 12 months	13	9
Average rent Past 12 months	$800	$600
Change in rent Past 12 months	2.6%	9.1%

5 year median price trend for houses and units

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Victoria Park demographics

Victoria Park is a community with many renters and couples without children at home.

Couples without children are the largest family group, making up 51.1% of families (1,190 families), and 54.0% of homes are rented. At the 2021 Census, 9,334 people lived in Victoria Park.

Victoria Park and Western Australia

	Suburb	WA
Median age years	35	38
Median household income weekly	$1,828	$1,815
Couples with children share of families	34.6%	44.6%
Couples without children share of families	51.1%	38.8%
One-parent families share of families	11.0%	15.1%
Homes owned outright share of homes	20.3%	30.2%
Homes with a mortgage share of homes	25.8%	41.4%
Homes rented share of homes	54.0%	28.3%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Victoria Park infrastructure, key developments and investment opportunities

Victoria Park's Victoria Park-Canning Level Crossing Removal Project entered testing and commissioning in 2025, with the first test train running as part of the Metronet works. The Armadale/Thornlie line shutdown for the project also saw Welshpool station closed permanently in 2023.

The Causeway pedestrian and cyclist bridges (Boorloo Bridge) opened in December 2024, providing a six-metre-wide segregated path linking the Victoria Park foreshore with Heirisson Island and Point Fraser. Separately, geotechnical and environmental investigations for the Platform and Signalling Upgrade Program, including a proposed platform extension at Victoria Park station, were awarded in 2024.

Suburbs near Victoria Park

Some popular suburbs near Victoria Park include:

How does Victoria Park compare to nearby suburbs?

Median house prices: Victoria Park’s median house price is 4.3% higher than Carlisle’s.
Median unit prices: Victoria Park’s median unit price is 16.4% lower than East Victoria Park’s.
House price growth: Over the past 12 months, house prices in Victoria Park have grown 15.4% higher than in Lathlain.
Unit price growth: Over the past 12 months, unit prices in Victoria Park have grown 8.6% higher than in Lathlain.
Selling speed for houses: Properties in Victoria Park are selling 13.3% faster than in Kensington.
Selling speed for units: Properties in Victoria Park are selling 55.0% faster than in Burswood.
Investment considerations: In Victoria Park, the rental yield for house is 3.1% higher than the Perth average, while the rental yield for units is 10.6% lower.
House price growth: Over the past 12 months, house prices in Victoria Park have grown 5.1% higher than the average rate of growth across Perth.
Unit price growth:Over the past 12 months, unit prices in Victoria Park have grown 13.6% lower than the average rate of growth for units across Perth.

Common questions about Victoria Park

Is Victoria Park a nice place to live?
Victoria Park has a lively town centre on Albany Highway with cafes, restaurants and local shops, and a train station near the Causeway.

Many residents are renters and there are many couples without children at home, with 54.0% of homes rented. The retail strip sits ahead of tree-lined residential streets with a mix of weatherboard cottages, interwar houses and low-rise apartments, and everyday amenity includes regular bus services, local reserves, sports grounds and small parks for walking and weekend recreation; the Boorloo Bridge has opened, providing a six-metre-wide segregated pedestrian and cyclist path linking the Victoria Park foreshore with Heirisson Island and Point Fraser.
Is it expensive to live in Victoria Park?
In Victoria Park a typical local household had a weekly income of about $1,828 at the most recent Census. On those figures, paying $800 a week to rent a house would take roughly 44% of a typical local household's weekly income, and $600 a week to rent a unit would take about 33% of that income, so house rent would be a large share and unit rent a sizeable share. Looking at buying, the median house price of $1,100,000 is about 11.6 times a typical local annual household income, and the median unit price of $605,000 is about 6.4 times that income, so purchasing sits well above local incomes, especially for houses.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Victoria Park a good place to invest?
What stands out in Victoria Park is how much faster property values rose than rents. Median house values rose a strong 23.2% over the last twelve months while house rents increased a modest 2.6%; median unit values climbed a strong 29.4% and unit rents rose a solid 9.1%. That means the recent gains were concentrated in capital growth rather than rental income for both houses and units.

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.

Choose the right real estate agents in Victoria Park

Choosing the right real estate agent in Victoria Park can have a big impact on your sale. While there are 84 real estate agents working in the suburb, but just 5 of them were responsible for 40.6% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.15% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

Get a head start and compare top local agents in Victoria Park

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