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%