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Glenfield, WA 6532

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 Glenfield, WA 6532 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Glenfield, WA 6532”

  1. The total adult population (15 years or older) of Glenfield 6532 WA is 764, with a median age of 35. Of those, 48.04% are married, 12.43% are divorced or separated, 35.21% are single and 4.71% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,788. The median monthly mortgage repayment for households in this suburb is $1,700 which is 19.34% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heartland of Western Australia, the suburb of Glenfield (6532) is a burgeoning community estimated to house around 640 households. As we delve into Q3 2023 property market statistics, houses in Glenfield are typically priced at an affordable $398,233. This pricing coupled with a median weekly rent standing at $502, generates a noteworthy indicative yield of approximately 6.55% — considerably above the minimum attractive yield of 3%.

    When it comes to the socio-economic landscape, Glenfield records an IRSAD score of 984 out of 1217; a testament to the suburb’s favourable socio-economic status. However, investors should note the renter to owner ratio which is 35%, hovering slightly above the optimal benchmark of 30%, indicating a more settled market.

    As for the housing composition in the area, Glenfield exhibits a markedly low units-to-houses ratio (1%), presenting an inviting environment bolstered by family-friendly housing as opposed to short-term rental accommodations. This aligns with the quite favourable affordability index of 18 years, significantly lower than the standard 30-year mortgage term.

    Looking into supply metrics, houses in Glenfield are holding a comfortable position with a stock on market Percentage sitting at 0.65%, an inventory level of 2.09 months, and a building approvals Ratio of 0.0%, all signifying a reasonably balanced housing market.

    Despite a days on market average of 90 days, suggesting a slower turnover of properties, the extremely low vacancy rate of 0.45% evidences an incredibly high demand for properties, both rental and purchase, in the Glenfield area. This is further supported by the neutral buy search index for houses, standing at a steady 5.

    Overall, while some metrics lean slightly into the unfavourable spectrum, the majority of the markers paint a promising picture of Glenfield’s potential, particularly for those favouring a cashflow-centered investment strategy. As always, investors should consider Relative Composite Score (RCS) metric for a comprehensive overview to guide their investment decisions. The Glenfield housing market in Q3 of 2023 appears to provide several favourable opportunities for investors savvy to the nuances of its current property marketplace.

    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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