Glen Forrest

GLEN FORREST, 6071 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling GLEN FORREST, 6071 values up and netting property investors a capital gain of 17.09% for the past year.

Investors saw the median home price rise to $685,000.

Profits due to an upward trend in home prices in the suburb averaged 6.83% per annum over a 3-year period.

GLEN FORREST now ranks at the 44th 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 high, as opposed to average gains per annum over the past five years.

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 21.6 days.

In 2016, 49 properties were sold in GLEN FORREST during the past year, making it the 130th most active market in WA based on total real estate transactions.