Suburb Profile Report for Glen Forrest WA (6071)

Glen Forrest House: Median price $570,000, Annual capital growth 3.80%, Number of sales 35, Weekly median advertised rent $438

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

At number 2740th in the list of Australian suburbs ordered by increase in median house value over the last year, Glen Forrest, 6071 is in the BOTTOM 40% with a property value increase of 1.06% recorded in median house prices.

Across a shorter period, Glen Forrest, 6071 has seen a median price increase of 0.97% over the last quarter.

The most recent median price for Glen Forrest is $570000, with sellers offering an average of -4.29% off the asking price.

Often selling an investment property can take time, and in Glen Forrest the average time real estate has been on the market is 83.06 days.

A $437.5 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 3.80%.

HOUSE UNIT
$570,000 N/A
0.97% N/A
1.06% N/A
3.80% N/A
$438 N/A
35 N/A
3.99% N/A
83.06 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2882
Median household income ($/weekly) 1680
Median age of persons 41
Median housing loan repayment ($/monthly) 1842
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 431 15.0
    15-19 years 244 8.5
    35-44 years 410 14.2
    45-54 years 508 17.6
    55-64 years 430 14.9
    Others 859 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 1129 55.8
    Not Married 673 33.3
    Defacto Relationship 220 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1905 72.4
    Papua New Guinea 38 1.4
    South Africa 38 1.4
    United Kingdom 429 16.3
    Other 75 2.9
    Others 146 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.2
    Christianity 1491 59.6
    Judaism 9 0.4
    Other Religious Groups 15 0.6
    No Religion 944 37.8
    Others 12 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 71 8.5
    $800-$999 67 8.0
    $1,500-$1,999 113 13.5
    $2,000-$2,499 92 11.0
    $2,500-$2,999 107 12.8
    Others 388 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 828 39.0
    Not in the labour force 649 30.5
    Employed, worked part-time 507 23.9
    Employed, away from work 81 3.8
    Unemployed, looking for work 60 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 199 14.1
    Professionals 350 24.7
    Technicians & trades workers 209 14.8
    Community & personal service workers 144 10.2
    Clerical & administrative workers 219 15.5
    Others 295 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 38 5.5
    Infants/Primary 239 34.4
    Secondary 222 32.0
    Technical or Further Educational Institution 70 10.1
    University or other Tertiary Institutions 120 17.3
    Others 5 0.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2552 98.8
    Semi-detached, row or terrace house, townhouse 16 0.6
    Flat, unit or apartment 15 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 442 47.2
    Fully owned 381 40.7
    Rented 106 11.3
    Other tenure type 8 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals