244a Albert Street, Osborne Park, WA 6017
Offers in the Low $1 Millions
3 2 2
Open Wednesday 5 August 5:30 pmOriginally a fertile market gardening area due to its proximity to Herdsman Lake and swampy terrain. Post-WWII, it transitioned into one of Perth's premier industrial and commercial hubs while retaining a small residential core.
A unique split-personality suburb featuring a massive commercial showroom district and a quiet, evolving residential area popular with young professionals.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Osborne Park serves as a critical economic engine for Perth. For buyers, it offers a pragmatic trade-off: higher noise and industrial aesthetics in exchange for rapid CBD access and strong rental fundamentals.
$720k – $1.15m
$380k – $580k
12-month movement
Current asking rents
The high percentage of units reflects the suburb's transition toward higher density. Houses on full blocks are becoming increasingly rare and command a significant premium.
Price comparison
Median price ÷ median income
Estimated rental yield
While prices have risen sharply, Osborne Park remains more accessible than Mt Hawthorn or North Perth, making it a primary target for first-home buyers.
Lower = tighter market
Avg time on market
Annual rental increase
Young professionals, retail workers, and FIFO individuals seeking proximity to the freeway.
Extremely strong cash flow potential. The proximity to the industrial area ensures a constant pool of local workers seeking accommodation.
Expect steady outperformance of the broader Perth market as the 'inner-ring' boundary effectively pushes further out, making Osborne Park more central.
vs last 12 months
Relative comparison
Focus on residential streets south of Scarborough Beach Rd which experience significantly lower crime rates than the commercial strips.
The primary risks are environmental and acoustic, stemming from the suburb's industrial core and major transport arteries.
Low risk; however, some areas near Herdsman Lake require drainage checks.
Negligible risk due to urban density.
Standard premiums apply, though proximity to certain industrial sites should be disclosed.
Special Control Area (Stirling City Centre)
Scarborough Beach Road corridor and the Glendalough Station precinct.
Zoning changes are actively encouraging higher density and mixed-use developments, which could change the character of residential streets.
Excellent via Mitchell Freeway and Glendalough Train Station.
High for shopping (IKEA, Spudshed, specialty retail) but low for 'village' cafes.
Herdsman Lake is nearby, but internal suburb parks are small.
Osborne Park Primary is central; secondary options require travel.
Close to Osborne Park Hospital and numerous private clinics.
A diverse, working-age population with a high proportion of single-person households and young couples.
The high rental population drives investment yields but can lead to lower community cohesion compared to owner-occupier strongholds.
The Stirling City Centre project is the defining long-term development for the area.
Residents value the '10-minute' lifestyle where everything is accessible, though some complain about the lack of a traditional 'main street' feel.
I can get to the city in 8 minutes and the beach in 10. It's the most practical place I've ever lived.
The noise from the trucks on Main St can be annoying, but I couldn't afford a house anywhere else this close to town.
My unit has never been vacant for more than a week in five years. The demand from workers is incredible.
Having IKEA and every big brand store right there is a lifesaver, but I wish there were more cozy bars.
Glendalough station is a game changer. I'm in the CBD before I've even finished my first email.
It's safe enough, but you do see some characters around the train station and the commercial areas at night.
Position the property as a 'strategic inner-city asset' that offers the best commute-to-price ratio in Perth's northern corridor.
High-yield, low-vacancy play with strong capital growth prospects due to urban renewal.
Oversupply of generic apartments and potential for zoning changes to increase competition.
Unbeatable commute times and proximity to major retail.
Traffic noise and limited street parking in high-density pockets.
Ensure all smoke alarms and RCDs meet current WA Department of Mines, Industry Regulation and Safety standards.
The '10-Minute Suburb'—10 mins to CBD, 10 mins to Beach, 10 mins to everything.
Young professional couples (28-40) and savvy borderless investors.
This report is based on data available as of 2026-03-05. Property investment involves risk. This information is general in nature and does not constitute financial or legal advice. Buyers should conduct their own independent research and seek professional advice before purchasing.
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Offers in the Low $1 Millions
3 2 2
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