Low price growth but Osborne Park ranks atop 2017 Perth hotspots list

Low price growth but Osborne Park ranks atop 2017 Perth hotspots list
Low price growth but Osborne Park ranks atop 2017 Perth hotspots list

Osborne Park takes the equal top spot as Perth's 2016/2017 hotspot for investing in units with an expected increase of two percent over the next 12 months.

The current median price for Osborne Park currently sits at $386,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

An example would be a two bedroom unit at 7/154 Edward Street (above) that is currently on sale from $425,000, which is $39,000 above the median price.

Low price growth but Osborne Park ranks atop 2017 Perth hotspots list

Similarly a two bedroom unit was recently sold at 6/67 McDonald Street (below) for $392,000, which is $6,000 above the median price.

 Low price growth but Osborne Park ranks atop 2017 Perth hotspots list

The Smart Investor magazine, published by Fairfax Media, ranked Joondanna as equal best hotspot.

Suburb             Postcode               Median price             12 month forecast

Osborne Park    6017                     $386,000                        2%

Joondanna        6060                     $419,000                        2%

Burswood         6100                     $488,000                         1%

Bayswater        6053                     $385,000                         1%

Shoalwater       6169                     $290,000                         1%

Nedlands          6009                     $650,500                         1%

Hamilton Hill     6163                     $360,000                         1%

Willeton            6155                     $535,500                         1%

Tuart Hill           6060                    $310,000                          1%

Yokine               6060                    $417,500                          1%

 

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Perth Investar

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