Glen Iris

POSTAL CODE: WA, 6230

HOUSE

GLEN IRIS, 6230 ranks 599th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.04% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also 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 $655,000.

The upward trend in home prices in GLEN IRIS, 6230 averaged 23.75% per annum over a 3-year period.

Average weekly rents on listings have reached the $630 mark, reflecting a 5% increase in returns based on the current median price in GLEN IRIS.

An average of 6 real estate transactions take place per month in GLEN IRIS which translates to 72 per annum.

72 properties were sold in GLEN IRIS in 2016, making it the 87th most active market in WA based on total real estate transactions.

GLEN IRIS, 6230 places 255th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$655,000	N/A
Growth Report
Median Quarterly	3.97%	N/A
Median 12 month	19.04%	N/A
Median 3 years	71.24%	N/A
Median 5 years	118.33%	N/A
10 years average annual	7.58%	N/A
Weekly media advert. rent	$630	N/A
Time on Market	24 days	N/A
Gross Rental Yield Percent	5%	N/A

Demographics (Median Values)*

Total Population 43134

Weekly Household Income 1326

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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