Suburb Profile Report for Osborne Park WA (6017)

Osborne Park House: Median price $467,500, Annual capital growth 2.25%, Number of sales 24, Weekly median advertised rent $393

Osborne Park Unit: Median price $337,500, Annual capital growth 2.64%, Number of sales 65, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Osborne Park has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -15.77% to date .

Osborne Park,6017 has offered an average of -15.77% return per annum in house price rises to property investors over the last three years.

Osborne Park, 6017 is offering WA ‘s 181th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.

At number 3355 in a list of fastest selling suburbs, Osborne Park is in the bottom 20% of suburbs in Australia with an average of days on market 130.42 for properties listed there.

Osborne Park is an average performer in WA when comparing median price capital growth over the last year. Osborne Park gave property investors a good capital gain figure when compared to the rest of the state, with -1.60%.

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 increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Osborne Park should be aiming for at least -8.31% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1129 in a list of fastest selling suburbs, Osborne Park is in the bottom 30% of suburbs in Australia with an average of days on market 100.4 for properties listed there.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

YIP MAG Information supplied by:

YIP MAG
April 2015

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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
$467,500 $337,500
-5.27% 0.45%
-15.77% -1.60%
2.25% 2.64%
$393 $280
24 65
4.37% 4.31%
130.42 100.4

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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
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Recent sales & rentals