Housing costs drop to 10-year low
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Property investors have seen a -2% drop in OSBORNE PARK based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains OSBORNE PARK, 6017 saw average decrease in the long term.
The WA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $490,000
Profits averaged -0.99% per annum over a 3-year period, due to an downward trend in home prices in OSBORNE PARK, 6017.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in OSBORNE PARK, 6017 is 3.71%.
An average of 2.42 real estate transactions take place per month in OSBORNE PARK which translates to 29 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | $249,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2% | -5.5% |
| Median 12 month | 0% | -13.54% |
| Median 3 years | -2.97% | -26.76% |
| Median 5 years | -13.58% | -28.96% |
| 10 years average annual | 0.02% | -1.66% |
| Weekly media advert. rent | $350 | $280 |
| Time on Market | 78.3 days | 129.2 days |
| Gross Rental Yield Percent | 3.71% | 5.85% |
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