Suburb Profile Report for Glenfield NSW (2167)

Glenfield House: Median price $696,000, Annual capital growth 7.41%, Number of sales 99, Weekly median advertised rent $480

Glenfield Unit: Median price $442,000, Annual capital growth 7.66%, Number of sales 42, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 11.27% for the last 12 months, Glenfield, 2167 has performed for property investments than its average annual 7.41% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glenfield has increased when compared to the 5 year average annual rate.

Property buyers and investors in Glenfield 2167 should be seeing an average reduction in asking price of around -6.21% . This means that Glenfield is holding prices well when compared to other suburbs in NSW.

At number 543 in a list of fastest selling suburbs, Glenfield is in the TOP 20% of suburbs in Australia with an average of days on market 49.8 for properties listed there.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.59%, without taking into account capital value appreciation, which has been averaging out at 7.41%.

NSW has seen average median house prices change by 6.92% which means that Glenfield, 2167 has done well for property investors by showing a capital gain of 4.62% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glenfield has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Glenfield, 2167. Typically our figures indicate that -7.69% is being offered, which puts this NSW suburb at 182th most discounted overall in Australia.

Often selling an investment property can take time, and in Glenfield the average time real estate has been on the market is 65.69 days.

With the median price for a house in Glenfield being $442000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.47%

HOUSE UNIT
$696,000 $442,000
-1.97% -1.78%
11.27% 4.62%
7.41% 7.66%
$480 $380
99 42
3.59% 4.47%
49.8 65.69

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 7558
Median household income ($/weekly) 1394
Median age of persons 36
Median housing loan repayment ($/monthly) 1965
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 924 12.2
    25-34 years 1146 15.2
    35-44 years 1027 13.6
    45-54 years 1022 13.5
    55-64 years 843 11.2
    Others 2595 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 2867 53.2
    Not Married 2210 41.0
    Defacto Relationship 316 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3838 55.6
    Indonesia 471 6.8
    Philippines 272 3.9
    United Kingdom 221 3.2
    Other 842 12.2
    Others 1256 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 251 3.7
    Christianity 4419 65.1
    Hinduism 550 8.1
    Islam 585 8.6
    No Religion 854 12.6
    Others 124 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 187 8.5
    $1,000-$1,249 199 9.1
    $1,250-$1,499 192 8.8
    $1,500-$1,999 313 14.3
    $2,000-$2,499 279 12.7
    Others 1020 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2445 44.3
    Not in the labour force 1764 32.0
    Employed, worked part-time 852 15.4
    Unemployed, looking for work 257 4.7
    Employed, away from work 200 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 706 20.2
    Technicians & trades workers 448 12.8
    Community & personal service workers 333 9.5
    Clerical & administrative workers 680 19.5
    Machinery operators & drivers 345 9.9
    Others 983 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 114 6.3
    Infants/Primary 510 28.3
    Secondary 591 32.7
    Technical or Further Educational Institution 217 12.0
    University or other Tertiary Institutions 329 18.2
    Others 44 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4845 70.8
    Semi-detached, row or terrace house, townhouse 1912 27.9
    Flat, unit or apartment 86 1.3
    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 1094 46.4
    Fully owned 662 28.1
    Rented 586 24.8
    Other tenure type 18 0.8
    Tenure Type
Census 2011, ABS
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