Powered by MOMENTUM MEDIA
AREA REPORTS

Glen Forrest

Suburb Profile

Glen Forrest - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6071

house

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 $559,000.

Profits due to an upward trend in home prices in the suburb averaged 0.55% per annum over a 3-year period.

GLEN FORREST now ranks at the 223rd 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.

Because of this real estate investors could earn a rental income of $420 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 103.6 days.

In 2016, 33 properties were sold in GLEN FORREST during the past year, making it the 207th most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $559,000 N/A
GROWTH REPORT
Median Quarterly -0.71% N/A
Median 12 month -0.8% N/A
Median 3 years 1.64% N/A
Median 5 years -6.29% N/A
10 years average annual 1.01% N/A
Weekly media advert. rent $420 N/A
Time on Market 103.6 days N/A
Gross Rental Yield Percent 3.91% N/A
demographics (median values)
Total Population
2836
Weekly Household Income
1220
Household Size
2.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Commercial property

Clarity sought for commercial landlords and SME tenants

A new COVID-19 Code of Conduct compendium aims to offer clarity to SME landlords and tenants experiencing financial hardship. ...

buyers

Buyers warned against waiting for the dip

Buyers have been warned that waiting for an impending market drop over the next three months could leave them disappointed. ...

construction

Does the government’s tradie rescue package go far enough?

Industry experts have applauded the announcement of a “tradie rescue package” but do not believe that the government’s plan goes far e...

commercial code

WA kicks off COVID-19 commercial code

A new commercial lease code of conduct will help Western Australia’s commercial tenants and landlords reach rental agreements during the p...

Perth

Property market update: Perth, April 2020

As Australia and most parts of the world settle into a “new normal” following the onset of the COVID-19 pandemic, will the Perth propert...

RBA reveals June cash rate call

The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for June amid speculation the central bank will hol...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.