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%