Suburb Profile Report for Glenmore Park NSW (2745)

Glenmore Park House: Median price $749,000, Annual capital growth 6.89%, Number of sales 374, Weekly median advertised rent $490

Glenmore Park Unit: Median price $560,000, Annual capital growth 7.30%, Number of sales 26, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Glenmore Park, 2745 have given investors a capital gain of 7.00%. This compares badly with the 10.13% for NSW as a whole.

The five-year average increase in median property values for Glenmore Park,2745 has given property investors a potential capital gain of 68.31% across each of those five years.

Our latest figures would indicate that property sellers in Glenmore Park are currently offering property investors an average price cut of -3.57% below the asking price at the moment.

On average over the past year, suburb has had 31.17 sales per month, which equates to 374 per year.

A $490 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 6.89%.

Glenmore Park is an average performer in NSW when comparing median price capital growth over the last year. Glenmore Park gave property investors a average capital gain figure when compared to the rest of the state, with 6.67%.

While Glenmore Park,2745 ranked number 117th in NSW for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.

Property buyers and investors in Glenmore Park 2745 should be seeing an average reduction in asking price of around -4.41% . This means that Glenmore Park is holding prices well when compared to other suburbs in NSW.

At number 57 in a list of fastest selling suburbs, Glenmore Park is in the TOP 10% of suburbs in Australia with an average of days on market 30.22 for properties listed there.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Metrics i HOUSE UNIT
$749,000 $560,000
1.49% 5.16%
7.00% 6.67%
6.89% 7.30%
$490 $420
374 26
3.40% 3.90%
31.25 30.22

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 20271
Median household income ($/weekly) 1930
Median age of persons 31
Median housing loan repayment ($/monthly) 2200
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 3595 17.7
    25-34 years 2878 14.2
    35-44 years 3539 17.5
    45-54 years 2827 13.9
    55-64 years 1741 8.6
    Others 5692 28.1
    Age Group
    Census Count Percent(%)
    Registered Married 8311 58.3
    Not Married 4787 33.6
    Defacto Relationship 1165 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 15525 78.8
    Indonesia 392 2.0
    Philippines 413 2.1
    United Kingdom 1067 5.4
    Other 683 3.5
    Others 1615 8.2
    Country of Birth
    Census Count Percent(%)
    Christianity 15588 80.8
    Hinduism 283 1.5
    Islam 261 1.4
    Other Religious Groups 269 1.4
    No Religion 2715 14.1
    Others 176 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 486 8.7
    $1,500-$1,999 924 16.5
    $2,000-$2,499 848 15.2
    $2,500-$2,999 734 13.1
    $3,000-$3,499 521 9.3
    Others 2081 37.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7580 52.1
    Not in the labour force 3170 21.8
    Employed, worked part-time 2806 19.3
    Employed, away from work 596 4.1
    Unemployed, looking for work 402 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1435 13.1
    Professionals 1866 17.0
    Technicians & trades workers 1464 13.3
    Clerical & administrative workers 2226 20.3
    Sales 1159 10.6
    Others 2829 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 524 8.6
    Infants/Primary 2412 39.6
    Secondary 1827 30.0
    Technical or Further Educational Institution 446 7.3
    University or other Tertiary Institutions 753 12.4
    Others 124 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18310 92.9
    Semi-detached, row or terrace house, townhouse 1344 6.8
    Flat, unit or apartment 55 0.3
    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 3597 59.1
    Rented 1296 21.3
    Fully owned 1185 19.5
    Other tenure type 13 0.2
    Tenure Type
Census 2011, ABS
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