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.

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.

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%