Suburb Profile: Victoria Park

Affectionately known as ‘Vic Park’ by the locals, this south of the river gem is brimming with history and culture. From the incredible selection of restaurants to the bustling nightlife, this suburb is definitely on the up-and-coming list – in fact, it has probably already made it onto the list of the most popular Perth suburbs! 

A stone’s throw from the Perth city centre, Vic Park boasts a vibrant collection of cafes, pubs, restaurants and music entertainment venues. One of the primary draw cards to this neighbourhood is what many would call the heart of Victoria Park entertainment, Crown Perth. Housing WA’s only licenced casino, this impressive venue also houses some incredible award-winning restaurants, a hotel and a theatre. 

This suburb dates back to a land grant in 1831 and is rich in historical significance with nearly 140 heritage-listed properties in the area.  In 1886 a settlement started in this area with the development of the railway to Pinjarra having a huge impact. Within a handful of years, there were schools built and a small collection of municipal buildings constructed. Over the years the popularity of the area continued and it has enjoyed considerable growth ever since. Considered a working man’s district in the 1930s, by the 1970s this area had a higher than average elderly population. The subsequent development of townhouses replacing many of the much older original dwellings and its proximity to the Perth CBD has seen a considerable gentrification process get underway, with many city professionals looking to settle down in the neighbourhood. 

When it comes to the property market in this highly sought-after area, the market is fairly evenly distributed between free-standing homes, townhouses and apartments, with townhouses coming out on top by only a fraction. With a population of nearly 9000, Victoria Park has seen rapid growth in recent years. The average property price sits at $730,500 and the area enjoys a 6.6% annual growth rate in the property standings. Largely a rental market currently, the market of fully-owned and in-progress purchases is certainly growing. 

Looking at the people to expect in Vic Park, the highest proportion of residents are aged between 25 – 50 years and are a mixture of couples with and without children. There is also a decent proportion of lone-person households. Vic Park has a great variety of primary and secondary schools within its borders, making it a surefire success story for families. 

Looking for activities? Then look no further than Vic Park! If eating, drinking and being merry is your idea of fun, you may find yourself almost overwhelmed with the choice of incredible places to try. Grab a brew at Boston Brewing Co., unleash your inner child at Palace Arcade, brunch at Social Manna or Sixteen Ounces and grab a latte at Antz 965 on the way home – the choices are endless in this arena. The Balmoral Hotel has a ripper of a beer garden and there are several local community parks and reserves to enjoy a picnic and some time outdoors. There really is something for everyone in Vic Park. 

As Vic Park’s resident real estate professionals, we know all there is to know about this beautiful suburb. If you like the sound of the place, please get in touch with us today to find out what we’ve got to offer you in this central gem.

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