Victoria Park Life #vicparklife

Is a place full of mature trees and charming weatherboard workers' cottages with the baked orange-red of bricks. Where car yards are being redeveloped into apartments and commercial premises and a healthy mix of nationalities and socio-economic groups live together.

A place where the "Super-Cafe Strip" stretches a long way from the River to St James, alive and humming with its own unique energy. Where the local business owners offer fantastic service and a surreal "this is what shops used to be like" retail experience.

Where you can catch up for a meal, a beer or wine and wander home afterwards, past your friends' and neighbours' homes. With open space, parks, river foreshore and a healthy mix of nationalities and socio-economic groups.

It's charm is infectious, relax and enjoy #vicparklife

What's Happening

Our past is the motor trade and car yards but our future is infill. Car yards being redeveloped into apartments and commercial premises bringing more people, more vibrancy and making the promise of our cafe strip even more appealing and sustainable.

what is happening now:

State Budget Blues for First Timers

Do you remember buying your first home?  The angst. The fear of the unknown.  The endless advice from well meaning parents?  That Agent, the one you were told not to tell anything, nor trust under any circumstance. That house, with daggy wall paper and a dripping tap on a main road that miraculously you could just afford!  Nothing’s changed, First Home Buyers (FHB) are still anxious and angst ridden. Except it just got harder. The State Government has just rolled back the stamp duty exemption on established homes to $430,000, from the previous mark of $500,000.   This means that up to a $430,000 purchase price a FHB pays no stamp duty and pays a scaled amount up to $530,000 at which point they pay the full whack like everybody else. So what does it mean? Well maybe, if like most FHB you are only just making the grade to purchase, you are going to have to make some tough decisions. What do you really want? Does it need to be a house?  Will a villa or an apartment do?  Is proximity to public transport important? What can you save by keeping that car in the driveway? One less bedroom?  Or as is likely will a larger percentage of potential FHB – become tenants for life? Equally there is going to be some changes in some Perth real estate markets. Where a suburb median price was driven by FHB activity under the $500,000 there is going to be a negative effect on price.  This compounds an already cooling market. And there will be a knock on effect to other areas as Sellers, who become Buyers have less to spend. The other net effect of course is a change to the currently high metro (approximately 4%) rental vacancy rate. There is an expectation that vacancy rates will come down and rents increase.  Great for landlords, too bad for struggling tenants. It leads one to ask the question, will this State Government measure, to save money, actually have the opposite effect?  How’s that you ask?  Well consider this, any negative sentiment loaded into this real estate market against a back-drop of RBA jaw-boning on expected interest rate raises, is going to have a net effect of reducing home buyer confidence.  This could actually affect the overall stamp duty take.  I don’t do the economic modelling but it’s an interesting question. So be prepared for the changing face of the real estate market as we have known it for some years.   Happy Mother’s Day. Derek Baston.

The Strip

Vic Park is a village, albeit one with a very long main street. Albany Highway. This "Super-Cafe Strip" tells the story of our diversity, our past and the quickly arriving future. The people are friendly and the local businesses offer suprisingly good value.

Grocer
  • African hairdressers
  • Motorcycle accessory stores
  • Op shops
  • Pubs
  • Photography studios
  • Barbers
  • Book stores
  • Burger bars
  • Boot makers
  • Fair trade shops
  • Food halls
  • Gelato cafes
  • 24 hour pizza shops
  • Curio shops
  • Lingerie shops
  • Gift shops
  • Lebanese restaurants
  • Chinese restaurants
  • Fine dining restaurants
  • Mexican restaurants
  • Vietnamese restaurants
  • Nepalese restaurants
  • Malay restaurants
  • Thai restaurants
  • Indian restaurants
  • Turkish restaurants
Cafe COunter

White picket fences and back yards with mulberry trees. Sure there are apartments and town houses and villas and everything in-between. But that is the Town of Victoria Park. It's got a bit of everything.

This is a place to live.

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