Suburb Profile Report for Glen Forrest WA (6071)

Glen Forrest House: Median price $544,000, Annual capital growth 2.73%, Number of sales 40, Weekly median advertised rent $445

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

Source: CoreLogic

  • House Report

Investment property in Glen Forrest has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.01%

While Glen Forrest,6071 ranked number 375th in WA for increase in median house value (annualised) increase, it is ranked 246th over the last 5 years.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Glen Forrest itself are offering an average vendor discount of -4.58% to real estate investors.

In the last year 40 properties changed hands in Glen Forrest, which puts it as the 269th most active market in WA when comparing the number of sales per suburb.

Glen Forrest is 192th on a list of best yielding suburbs for rents in WA with a 4.25% return

HOUSE UNIT
$544,000 N/A
-5.39% N/A
-7.01% N/A
2.73% N/A
$445 N/A
40 N/A
4.25% N/A
80.48 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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