Suburb Profile Report for Glen Iris WA (6230)

Glen Iris House: Median price $320,000, Annual capital growth 0.31%, Number of sales 39, Weekly median advertised rent $340

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Over the last year, property investments in Glen Iris, 6230 have given investors a capital gain of 20.98%. This compares very favourably with the -1.74% for WA as a whole.

Comparing Glen Iris,6230 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property investors looking for a bargain in Glen Iris should be aiming for at least -6.50% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2070 in a list of fastest selling suburbs, Glen Iris is just in the bottom half of suburbs in Australia with an average of days on market 81.1875 for properties listed there.

Renters in Suburb are facing rents around $17680 per annum or $340 every week.

Metrics	HOUSE	UNIT
Median price	$320,000	N/A
Quarterly growth	0.79%	N/A
12-month growth	20.98%	N/A
Average Annual Growth	0.31%	N/A
Weekly median advertised rent	$340	N/A
Number of sales	39	N/A
Gross rental yield	5.53%	N/A
Days on market	81.1875	N/A

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

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Demographics

Total population	2880
Median household income ($/weekly)	1478
Median age of persons	30
Median housing loan repayment ($/monthly)	1937
Average household size	2.8

Census	Count	Percent(%)
5-14 years	474	16.5
25-34 years	443	15.4
35-44 years	422	14.6
45-54 years	391	13.6
55-64 years	263	9.1
Others	888	30.8

Age Group

Census	Count	Percent(%)
Registered Married	945	49.4
Not Married	696	36.4
Defacto Relationship	271	14.2

Social Marital Status

Census	Count	Percent(%)
Australia	2176	81.2
Papua New Guinea	113	4.2
South Africa	38	1.4
United Kingdom	144	5.4
Other	62	2.3
Others	147	5.5

Country of Birth

Census	Count	Percent(%)
Buddhism	41	1.6
Christianity	1695	66.4
Islam	19	0.7
Other Religious Groups	18	0.7
No Religion	776	30.4
Others	3	0.1

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	88	10.5
$1,250-$1,499	94	11.2
$1,500-$1,999	141	16.8
$2,000-$2,499	90	10.7
$2,500-$2,999	81	9.7
Others	344	41.1

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	925	46.1
Not in the labour force	511	25.4
Employed, worked part-time	388	19.3
Employed, away from work	97	4.8
Unemployed, looking for work	87	4.3

Person Characteristics

Census	Count	Percent(%)
Technicians & trades workers	309	21.9
Clerical & administrative workers	169	12.0
Sales	158	11.2
Machinery operators & drivers	187	13.3
Labourers	207	14.7
Others	380	27.0

Occupation

Census	Count	Percent(%)
Pre-school	58	9.1
Infants/Primary	283	44.6
Secondary	175	27.6
Technical or Further Educational Institution	59	9.3
University or other Tertiary Institutions	44	6.9
Others	16	2.5

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2639	99.4
Semi-detached, row or terrace house, townhouse	15	0.6
Flat, unit or apartment	0	0.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0