Glendalough

POSTAL CODE: WA, 6016
HOUSE
UNIT

Property investments in GLENDALOUGH fare well against the rest of the country last year, registering a median home price increase of 10.22%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GLENDALOUGH, 6016 saw average growth in the long term.

Real estate investors could earn a rental income of $850 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 27.1 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $755,000.

GLENDALOUGH ranks 48th on the list of best yielding suburbs for rental properties in WA, posting a 5.85% return.

Surburb overview

Glendalough is a well-connected inner-city suburb approximately 5 kilometres northwest of the Perth central business district (CBD). Glendalough is a popular suburb for professionals, young families, and students seeking a more affordable living option while still close to the city.

The suburb has a population of around 2,500 residents. Housing in Glendalough primarily consists of apartment complexes and townhouses, offering a mix of older-style units and newer developments. This diverse housing stock attracts a broad demographic, including professionals working in the CBD, students attending nearby universities, and young families who appreciate the suburb’s convenience and amenities.

One of Glendalough’s main advantages is its excellent public transportation options. The Glendalough Train Station on the Joondalup Line provides a direct and quick connection to the Perth CBD, making commuting easy for residents. Several Transperth bus routes also service the suburb, further enhancing its connectivity to surrounding areas. Additionally, the suburb is located near major roads, including the Mitchell Freeway, which offers easy driving access to the city and northern suburbs.

The nearby retail hubs of Osborne Park and Innaloo offer a variety of shopping, dining, and entertainment options. Innaloo Shopping Centre, in particular, provides supermarkets, restaurants, and a cinema, making it a convenient destination for Glendalough residents. Closer to home are several local cafes and shops along Harborne Street and essential services such as medical centres and pharmacies.

Glendalough is home to scenic Lake Monger, one of Perth’s most well-known urban wetlands. The lake is a popular spot for walking, cycling, and birdwatching, with well-maintained paths circling it and offering stunning views of the water and surrounding greenery. The parklands around Lake Monger provide ample space for picnics and outdoor activities, making it a favourite destination for locals seeking a peaceful escape from urban life.

While Glendalough is primarily residential, its proximity to key commercial areas such as Osborne Park makes it a strategic location for professionals working in the business and industrial sectors. Osborne Park, located just to the north, is one of Perth’s major employment hubs, mainly known for its media, automotive, and retail industries.

Families in Glendalough benefit from access to local schools, including Lake Monger Primary School and nearby schools in neighbouring suburbs. The suburb’s accessibility and proximity to vital educational institutions, including Edith Cowan University in Mount Lawley, make it an attractive location for students.

Glendalough’s affordability, convenience, and proximity to the Perth CBD and recreational areas make it an attractive choice for diverse residents.

You’re out of free articles for this month
Loading form...