Glen Forrest (postcode 6071) is a smaller residential area in Western Australia within the Mundaring local government area. It is home to about 2,789 residents, with a mature demographic and a median age of 45. Households earn a median income of $109K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Glen Forrest is $990,000, having climbed sharply by 25% over the past year. The current median weekly rent is $750. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,950.
Glen Forrest is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 1 rail station, 34 bus stops.
Looking at the investment signals, Glen Forrest shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices are near the state median ($990K/$951K). The price-to-income ratio of 9.1x is considered moderate. House prices have moved +25.0% year-on-year. Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.