Glen Forrest

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.

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 11.98% for the past year.

Investors saw the median home price rise to $1,000,000.

Profits due to an upward trend in home prices in the suburb averaged 14.12% per annum over a 3-year period.

GLEN FORREST now ranks at the 377th 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 $725 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 31.9 days.

In 2016, 49 properties were sold in GLEN FORREST during the past year, making it the 151st most active market in WA based on total real estate transactions.

Surburb overview

Glen Forrest, located approximately 25 kilometres east of Perth's central business district, is a serene suburb within the Shire of Mundaring. Nestled in the Perth Hills, it offers residents a tranquil environment rich in natural beauty and community spirit.

As of the 2021 census, Glen Forrest had a population of 2,789 residents, with a median age of 45. The suburb predominantly comprises families and professionals, with an average household size of 2.6 people. 

Originally known as Smith's Mill after a jarrah sawmill established in 1877, the area was renamed Glen Forrest in 1915 to honour Sir John Forrest, Western Australia's first Premier. The suburb retains historical charm, with remnants of its early industries, including forestry and brickworks. 

Glen Forrest features two commercial areas: one near the former railway station site and another at Hardey Road and Great Eastern Highway. Residents have access to local shops, cafes, and essential services. Educational needs are met by institutions such as Glen Forrest Primary School and nearby Helena College.

The Railway Reserve Heritage Trail bisects the suburb, a popular route for walking and cycling that follows the old Eastern Railway line. Natural reserves like the Glen Forrest Super Block offer bushwalking and wildlife observation opportunities. The community hosts various events and activities, fostering a close-knit atmosphere. 

Glen Forrest's property market has grown, with a median house price of approximately $845,000 and an annual capital growth rate of 16.15%. The suburb's appeal lies in its spacious properties, natural surroundings, and proximity to Perth. 

Glen Forrest offers a harmonious blend of historic charm, natural beauty, and modern amenities, making it an attractive location for those seeking a peaceful lifestyle within reach of urban conveniences.

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