Suburb Profile Report for Osborne Park WA (6017)

Osborne Park House: Median price $478,000, Annual capital growth 1.39%, Number of sales 41, Weekly median advertised rent $350

Osborne Park Unit: Median price $292,500, Annual capital growth 0.35%, Number of sales 59, Weekly median advertised rent $259

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3720th in the list of Australian suburbs ordered by increase in median house value over the last year, Osborne Park, 6017 is in the BOTTOM 20% with a property value increase of -7.18% recorded in median house prices.

A -2.17% growth in median value for property investors in Osborne Park,6017 puts this suburb at number 132th in terms of best performing suburbs in WA

Property buyers and investors in Osborne Park 6017 should be seeing an average reduction in asking price of around -7.87% . This means that Osborne Park is holding prices well when compared to other suburbs in WA.

At number 1532 in a list of fastest selling suburbs, Osborne Park is just in the top half of suburbs in Australia with an average of days on market 67.35 for properties listed there.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Osborne Park, 6017 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -13.97%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Osborne Park has fallen somewhat when compared to the 5 year average annual rate.

Vendor discounting in Osborne Park is giving property investors an average Vendor Discount of around -9.57%. This puts suburb at number 40th in WA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Osborne Park the average time real estate has been on the market is 103 days.

With the median price for a house in Osborne Park being $292500 and the advertised rent reaching $259 the gross rental yield for property investors calculates out to be 4.60%

YIP MAG Information supplied by:

YIP MAG
April 2015

M
O

W
E
A significant employment centre for Perth’s northern suburbs, Osborne Park has much more to offer than discount stores and car yards.Full summary A significant employment centre for Perth’s northern suburbs, Osborne Park has much more to offer than discount stores and car yards.

In addition to a range of gymnasiums, indoor sporting centres and several schools, the recently refurbished Main Street commercial centre is one of the suburb’s most attractive features.

As one of the city’s most affordable areas, Osborne Park has units at a very good price.

Sitting just 6km from Perth’s CBD, proximity is one of the clear strengths of Osborne Park.

If a quick drive to town via the Mitchell Freeway is not an option, then the numerous buses or trains from Glendalough station leave residents spoilt for choice.

Osborne Park is also a lot cheaper than neighbouring Mount Hawthorn ($575,000) and Balcatta ($422,500).

Highly sought-after units can be found in areas like Edward Street and North Beach Drive.

Their proximity to shops, cafés and restaurants are second to none.Close
Metrics i HOUSE UNIT
$478,000 $292,500
0.00% -8.59%
-7.18% -13.97%
1.39% 0.35%
$350 $259
41 59
3.81% 4.60%
67.35 103

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Osborne Park WA
Demographics
Total population 4047
Median household income ($/weekly) 1100
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 434 10.7
    25-34 years 1230 30.4
    35-44 years 586 14.5
    45-54 years 406 10.0
    55-64 years 370 9.1
    Others 1021 25.2
    Age Group
    Census Count Percent(%)
    Not Married 1623 55.1
    Registered Married 948 32.2
    Defacto Relationship 373 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1751 50.3
    Indonesia 318 9.1
    Papua New Guinea 125 3.6
    United Kingdom 234 6.7
    Other 315 9.0
    Others 739 21.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 139 4.1
    Christianity 1933 56.8
    Hinduism 234 6.9
    Islam 165 4.9
    No Religion 838 24.6
    Others 92 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 180 10.8
    $800-$999 174 10.4
    $1,000-$1,249 204 12.2
    $1,250-$1,499 177 10.6
    $1,500-$1,999 225 13.5
    Others 712 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1503 48.5
    Not in the labour force 832 26.9
    Employed, worked part-time 549 17.7
    Unemployed, looking for work 118 3.8
    Employed, away from work 94 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 490 22.9
    Technicians & trades workers 347 16.2
    Community & personal service workers 215 10.0
    Clerical & administrative workers 291 13.6
    Labourers 237 11.1
    Others 564 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 38 5.5
    Infants/Primary 146 21.3
    Secondary 71 10.3
    Technical or Further Educational Institution 164 23.9
    University or other Tertiary Institutions 231 33.7
    Others 36 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1558 45.4
    Flat, unit or apartment 1108 32.3
    Separate house 759 22.1
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 908 51.2
    Being purchased 520 29.3
    Fully owned 335 18.9
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals