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Victoria Park is a delightful suburb that offers a fantastic blend of urban convenience and a welcoming community atmosphere. Its proximity to Perth's CBD makes it an ideal location for those who enjoy the vibrancy of city life while still appreciating the charm of a suburban setting. The suburb is known for its lively vibe, with a bustling café strip along Albany Highway that offers a plethora of dining options, boutique shops, and entertainment venues. This makes it a popular choice for young professionals, families, and students who are drawn to its dynamic lifestyle and diverse community.

Families will find Victoria Park particularly appealing due to its strong sense of community and access to excellent amenities. The suburb is home to a variety of parks and green spaces, providing ample opportunities for outdoor activities and family outings. Safety is generally not a major concern, contributing to its reputation as a family-friendly area. Additionally, the suburb's excellent public transport links and proximity to Curtin University make it a convenient place to live for those who value accessibility and education.

However, living in Victoria Park does come with some trade-offs. The ongoing gentrification and commercial developments may lead to increased property prices, which could be a consideration for potential homeowners. The suburb's popularity also means that it can be quite busy, particularly along the main café strip. Despite these trade-offs, Victoria Park remains an attractive place to live, offering a unique blend of urban lifestyle and community spirit that appeals to a wide range of residents. Whether you're a family looking for a supportive environment or a professional seeking a vibrant urban lifestyle, Victoria Park has much to offer.

Living in Victoria Park can be considered moderately expensive, particularly when you look at the current property market. The median house price is $950,000, and for those considering units, the median price is $437,500. Renting in Victoria Park also requires a significant budget, with the average rent for houses being $772 per week and units costing around $600 weekly.

When you compare these figures to the average wage in Victoria Park, which is $73,000 per year, it becomes apparent that a substantial portion of income would need to be allocated towards housing costs. This is especially significant when you consider that the median total household income weekly is $1,828. In the broader context of Western Australia, where the average wage is slightly lower, living in Victoria Park may feel more expensive.

Overall, while Victoria Park offers a vibrant community and convenient access to Perth's amenities, the cost of living, particularly in terms of housing, is on the higher side. If you're thinking of living in Victoria Park, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with this lively suburb.

Victoria Park is shaping up to be a promising suburb for investment, with recent data indicating strong growth in both property values and rental returns. Over the past year, the median house value has increased by 10.8%, while units have seen a 7.7% rise. This upward trend suggests a healthy demand for properties, making it an attractive option for potential investors.

In addition to property value growth, rental returns in Victoria Park have also been impressive. House rents have climbed by 11.2%, and unit rents have surged by 17.1% over the last 12 months. This indicates a robust rental market, which is appealing for investors seeking reliable rental income. The combination of rising property values and strong rental demand positions Victoria Park as a suburb with solid investment potential.