With a capital gain of 9.07% for the last 12 months, Glenroy, 3046 has performed for property investments than its average annual 8.09% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Glenroy,3046 has racked up an average of 9.07% over the period. This ranks it number 1036th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Glenroy 3046 should be seeing an average reduction in asking price of around -4.45% . This means that Glenroy is holding prices well when compared to other suburbs in VIC.
Investment property in Glenroy has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.61%
While Glenroy,3046 ranked number 150th in VIC for increase in median house value (annualised) increase, it is ranked 217th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Glenroy is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 96th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Glenroy the average time real estate has been on the market is 81.52 days.