GLEN FORREST, 6071 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 $480,000.
Profits due to an downward trend in home prices in the suburb averaged -5.98% per annum over a 3-year period.
GLEN FORREST now ranks at the 321st place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in GLEN FORREST are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $410 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GLEN FORREST, homes and units usually stay on listing for an average of 75.4 days.
In 2016, 33 properties were sold in GLEN FORREST during the past year, making it the 189th most active market in WA based on total real estate transactions.
This revision is very tardy. It is three...
It seems that the pendulum is now...
Sound very fair. Landlords still have no...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal