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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 $555,000.

Profits due to an upward trend in home prices in the suburb averaged 2.42% per annum over a 3-year period.

GLEN FORREST now ranks at the 290th 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 62.7 days.

In 2016, 47 properties were sold in GLEN FORREST during the past year, making it the 155th 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 $555,000 N/A
GROWTH REPORT
Median Quarterly 0.91% N/A
Median 12 month -1.42% N/A
Median 3 years 7.25% N/A
Median 5 years -5.13% N/A
10 years average annual 0.28% N/A
Weekly media advert. rent $420 N/A
Time on Market 62.7 days N/A
Gross Rental Yield Percent 3.94% N/A
demographics (median values)
Total Population
2836
Weekly Household Income
1220
Household Size
2.80
demographics
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