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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 $335,000.
The upward trend in home prices in GLEN IRIS, 6230 averaged 1.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 5.28% increase in returns based on the current median price in GLEN IRIS.
An average of 1.92 real estate transactions take place per month in GLEN IRIS which translates to 23 per annum.
23 properties were sold in GLEN IRIS in 2016, making it the 247th most active market in WA based on total real estate transactions.
GLEN IRIS, 6230 places 19th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $335,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.06% | N/A |
| Median 12 month | 4.69% | N/A |
| Median 3 years | 3.08% | N/A |
| Median 5 years | 4.12% | N/A |
| 10 years average annual | 0.53% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 163.0 days | N/A |
| Gross Rental Yield Percent | 5.28% | N/A |
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