Glenroy is in the bottom 20% in NSW when comparing median price capital growth over the last year. Glenroy gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.66%.
Glenroy,2640 has offered an average of 0.66% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Glenroy is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 288th in terms of most discounted suburbs in NSW
With the median price for a house in Glenroy being $343750 and the advertised rent reaching $332.5 the gross rental yield for property investors calculates out to be 5.03%
With a capital gain of 12.00% for the last 12 months, Glenroy, 2640 has performed for property investments than its average annual -5.28% 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 Glenroy has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.49% to buyers in Glenroy at the moment, which is less than average for the rest of NSW.
At number 1468 in a list of fastest selling suburbs, Glenroy is in the bottom 10% of suburbs in Australia with an average of days on market 162.26 for properties listed there.
Glenroy, 2640’s gross rental yield is 6.07%