Victoria Park vs WillettonTwo Perth suburbs compared for a home loan
Victoria Park (WA 6100) is approximately 4 km south-east of the Perth CBD, across the Causeway. Willetton (WA 6155) is approximately 12 km south of the Perth CBD. At the 2021 Census, Victoria Park had 9,334 residents with a median age of 35, and Willetton had 19,262 residents with a median age of 40.
In both suburbs the most common occupied dwelling was separate houses. Flats and apartments made up 25% of occupied dwellings in Victoria Park and 6% in Willetton, while 53% of Victoria Park households rented compared with 20% in Willetton. These differences matter for finance, because lenders assess apartments, strata buildings and houses on land differently.
Both suburbs are in the same state, so transfer duty is calculated on the same scale and the difference in upfront cost comes from the purchase price. The panel below applies that scale, and an estimate of lenders mortgage insurance, to the prices you enter.
WA 6100 · Inner south-east Perth
Victoria Park
Victoria Park is an inner south-east Perth suburb of character cottages, townhouses and apartments around Albany Highway, where most households rent.
Town of Victoria Park. Approximately 4 km south-east of the Perth CBD, across the Causeway.
Read the full Victoria Park guideWA 6155 · Southern metropolitan Perth
Willetton
Willetton is an established City of Canning family suburb of mostly four-bedroom houses, near Bull Creek and Murdoch stations, with steady infill.
City of Canning. Approximately 12 km south of the Perth CBD.
Read the full Willetton guide
What buying in Victoria Park and Willetton would mean for the loan
The difference between two suburbs is usually a difference in price, and price drives the deposit, the transfer duty, any lenders mortgage insurance and the repayment. Enter the prices you are seeing and the panel works out each of those for Victoria Park and Willetton.
Your prices and deposit
Enter the price you are seeing in each suburb. BorrowWise does not quote prices, so the comparison uses yours.
Enter a price for Victoria Park to see the repayment, transfer duty and upfront cash.
Enter a price for Willetton to see the repayment, transfer duty and upfront cash.
Warning: The interest rate used here is an example only. It is not a comparison rate and is not a rate offered by any lender, and it does not include fees and charges. Different rates, terms, fees or loan amounts will give a different result.
Estimates only. Repayments assume a principal and interest loan at a constant rate, which is an assumption and not a current market rate. Transfer duty is indicative for established homes, first home buyer relief depends on eligibility, and upfront cash includes an allowance of $3,000 for conveyancing and inspections. Lenders mortgage insurance is an estimate and is added to the loan. A lender makes its own assessment.
Victoria Park and Willetton: Census profile compared
Figures are from the 2021 Census, so rents, repayments and incomes have moved since. They are most useful for comparing one suburb with another and with Australia as a whole.
| Measure | Victoria Park | Willetton |
|---|---|---|
| People and households | ||
| Residents | 9,334 | 19,262 |
| Median ageAustralia 38 | 35 | 40 |
| Average household sizeAustralia 2.5 | 2.1 | 3.1 |
| Median household income, weeklyAustralia $1,746 | $1,828 | $2,178 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $345 | $400 |
| Median mortgage repayment, monthlyAustralia $1,863 | $1,946 | $2,100 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 53% | 20% |
| Owned with a mortgageAustralia 35% | 25% | 40% |
| Owned outrightAustralia 31% | 20% | 40% |
| Types of home | ||
| Separate housesAustralia 72% | 38% | 90% |
| Townhouses, terraces and semi-detachedAustralia 13% | 37% | 4% |
| Flats and apartmentsAustralia 14% | 25% | 6% |
| Homes with two bedrooms or fewer | 41% | 4% |
| Homes with four bedrooms or more | 11% | 65% |
| Dwellings unoccupied on Census night | 11% | 4% |
Source: Australian Bureau of Statistics, 2021 Census (CC BY 4.0). Tenure shares exclude households that did not state their tenure. Dwelling shares are of occupied private dwellings.
Home loan considerations in Victoria Park and Willetton
Lenders treat houses on land, townhouses and apartments differently, and some apply extra conditions to small apartments, high-density buildings or particular postcodes. These are the points each guide raises.
Victoria Park
- First home buyers
- Investors
- Upgraders
- Downsizers
- Older cottages may need restumping, rewiring or roofing work, and valuers take condition into account when assessing the property as security.
- Valuers generally assess a lot as it stands, so a premium paid for subdivision potential may need to be funded from the buyer's own savings.
- Building a rear dwelling usually requires a construction loan, drawn down in stages against a fixed-price building contract.
- Small one-bedroom and studio apartments may fall below the minimum internal floor area that some lenders and mortgage insurers require.
- Strata levies for villas, townhouses and apartments are counted in serviceability assessments and therefore reduce borrowing capacity.
- Western Australian contracts have no mandatory cooling-off period, so finance, building and timber pest conditions need to be written into the offer.
Willetton
- Upgraders
- First home buyers
- Investors
- Large family houses require larger loans, so serviceability at the lender's assessment rate, rather than property type, is usually the limiting factor.
- Upgraders who buy before selling may need bridging finance, or an offer condition that makes the purchase subject to the sale of an existing home.
- Western Australian contracts have no mandatory cooling-off period, so finance and inspection conditions need to be written into the offer before signing.
- Buyers planning to subdivide or rebuild usually need a construction loan with staged drawdowns, and lenders may ask for approvals and a fixed-price building contract.
- Survey-strata and rear lots are generally accepted as security, but shared driveways, small lot areas and highway noise may attract valuer comment.
- Unapproved patios, pools and additions on older houses can delay a valuation or settlement if the lender asks for evidence of council approval.
Housing stock in Victoria Park and Willetton compared
Victoria Park
- Character cottages and bungalows
- Pre-war brick and weatherboard homes, many restored and extended, within the Town's Residential Character Study Area.
- Villas and townhouses
- Infill on subdivided cottage lots; 1,536 semi-detached, terrace or townhouse dwellings were counted at the 2021 Census.
- Low to mid-rise apartments
- Older flats and newer mixed-use buildings near Albany Highway; 1,030 occupied flats or apartments were counted at the 2021 Census.
Willetton
- Established four-bedroom family houses
- Detached homes dating from the mid-1960s onward; four-bedroom dwellings numbered 3,314 at the 2021 Census.
- Older three-bedroom houses
- The 1,916 three-bedroom homes counted at the 2021 Census are typically among the earlier and smaller houses.
- Infill houses, villas and townhouses
- Subdivision under the R20 base code and in R30 and R40 pockets has added newer homes, including survey-strata lots.
- Flats and apartments
- Only 350 flats or apartments were counted at the 2021 Census, so small dwellings are scarce.
Official sale price and rent figures for Victoria Park and Willetton
Only figures published free of charge by a government agency are shown. Where none is published the space is left empty rather than filled with an estimate. Each guide charts the full series.
Victoria Park
No government agency publishes a free median sale price or rent series for Victoria Park, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Willetton
No government agency publishes a free median sale price or rent series for Willetton, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Transport, schools and amenities in Victoria Park and Willetton
Victoria Park
Transport
- Victoria Park Station (train)
- Causeway Bus Station (bus)
- Albany Highway bus services (bus)
- The Causeway (road)
- Boorloo Bridge (road)
Schools and campuses
- Victoria Park Primary School (primary, government)
- Ursula Frayne Catholic College (combined, catholic)
- Regent College (primary, independent)
- Victoria Park Christian School (primary, independent)
Amenities
- Albany Highway retail and dining strip
- McCallum Park
- McCallum Park Active Area
- Raphael Park
- Town of Victoria Park Administration Centre
Willetton
Transport
- Bull Creek Station (train)
- Murdoch Station (train)
- Transperth route 925 (bus)
- Nicholson Road Station (train)
- Roe Highway (road)
- Leach Highway and South Street (road)
Schools and campuses
- Willetton Senior High School (secondary, government)
- Willetton Primary School (primary, government)
- Burrendah Primary School (primary, government)
- Rostrata Primary School (primary, government)
- Castlereagh School (special, government)
- Orana Catholic Primary School (primary, catholic)
Amenities
- Southlands Boulevarde shopping centre
- Willetton Library
- Willetton Sports and Community Centre, Burrendah Reserve
- Willetton Reserve
- Fiona Stanley Hospital, Murdoch
- Murdoch University, Murdoch
School listings show name, level and sector only. Enrolment areas change, so confirm eligibility for a specific address with the school or the Western Australia education department.
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