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

Victoria Park sits on the southern bank of the Swan River and is anchored by a lively retail and dining strip along Albany Highway that forms the suburb’s social heart. Behind the shops are tree-lined streets of weatherboard and brick cottages alongside low-rise apartments and newer infill, creating a mix of renters and owner-occupiers. Public transport is strong, centred on Victoria Park station on the Armadale line and frequent buses along Albany Highway, while riverside parks and local sports fields provide green space. Its proximity to the Perth CBD and nearby Curtin University keeps the area active day and night.

The suburb is home to 9,334 people, with a median age of 35 and a typical household income of $1,828 a week (about $95,056 a year). Families are dominated by couples and dwellings are more often rented (54.0%) than owner-occupied (46.1%). Several council-led projects are under way, including a Macmillan Precinct masterplan, streetscape work on Albany Highway, planning for Lathlain Park and transport upgrades tied to Metronet and station works. That mix of housing, transport and local amenity tends to suit couples, students and people who want easy access to the city; whether it fits you depends on what you value.

Buying in Victoria Park sits well above what a typical local household earned at the last Census. The median house price of $1,115,000 is about 11.7 times a typical local annual household income at the last Census (weekly income $1,828, or $95,056 a year), while the median unit price of $605,000 is about 6.4 times that annual household income. Houses are especially high relative to local incomes, and units are also well above what a typical household earned at the last Census.

Renting looks stretched as well. The average house rent of $800 a week would take about 43.8% of a typical local household's weekly income at the last Census, a large share, while the average unit rent of $600 a week would take about 32.8%, a sizeable share. Whether those figures feel expensive depends on your own income and circumstances.

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

Unit values in Victoria Park jumped 27.0% over the past year, while house values also rose strongly, up 21.5%. Rents moved more slowly: unit rents increased 9.1%, a solid rise, and house rents increased 3.2%, a modest rise.

The figures show substantial capital growth for both houses and units over the year, with units the stronger performer on value and also on rent growth compared with houses. If rental income is your priority, the unit-side rent change was the more notable figure; if capital growth is the focus, both property types recorded large gains. How that fits your goals and circumstances is for you to weigh up.

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.