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Glen Iris, WA 6230

Home » WA Real Estate Data » City of Bunbury, WA » Glen Iris, WA 6230

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Glen Iris, WA 6230 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Glen Iris, WA 6230”

  1. The total adult population (15 years or older) of Glen Iris 6230 WA is 2,441, with a median age of 35. Of those, 45.02% are married, 13.64% are divorced or separated, 38.10% are single and 3.36% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,240. The median monthly mortgage repayment for households in this suburb is $1,517 which is 20.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Glen Iris, postcode 6230, is a steadily emerging suburb in Western Australia, encompassing an estimated 1,464 households. As we scan through the Q3 2023 property market statistics, the typical price for houses in Glen Iris stands at $434,467. This suburb enjoys a median weekly rent of $462, which produces a notable indicative yield of 5.53%. This above-average yield suggests the potential for a favourable cashflow for property investors.

    To evaluate the socioeconomic condition of this suburb, we refer to its IRSAD score of 917 out of 1217. This score propels Glen Iris moderately higher in the socio-economic ladder, pointing towards more robust economic resources and potential for property value growth.

    With the renter-to-owner ratio resting at 30%, it aligns perfectly with the ideal threshold. This balance contributes positively to the suburb’s return on investment and avoid oversaturation of rental properties. Similarly, the units-to-houses ratio is a mere 4%. Such a lower proportion reflects less competition among landlords for tenants, preserving higher rental yields.

    On the affordability front, it takes around 24 years to fully own a property in Glen Iris, as per the Affordability Index. This below-average figure underscores the suburb’s high affordability, thus enriching the suburb’s investment climate through increased accessibility for potential buyers.

    When it comes to supply metrics, Glen Iris has a stock on market Percentage of 0.61%, indicating a relatively neutral supply condition. Its inventory level lurks around 2.3 months, again suggesting a decent balance in the real estate market’s supply dynamics. The building approvals Ratio, which currently stands at 0.14%, reveals a low influx of new dwelling stock, which is a favourable condition for the stability of property values.

    For demand metrics, the average days on market for houses in Glen Iris sits at a swift 23 days, signifying high demand. The Vacancy Rate, a crucial indicator of property demand, is impressively low at 0.69% – an enticing factor for prospective investors. However, the buy search index for houses is somewhat neutral with a score of 3, requiring further close monitoring.

    In summary, the property market in Glen Iris seems to carry a majority of favourable metrics, albeit requiring investors to keep an eye on certain aspects like the Buy Search Index. Investors using comprehensive relative indices like the RCS developed by HtAG Analytics can potentially gain a broad, yet detailed perspective of the property market across multiple metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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