Glenroy has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.89% to date .
Over the longer term, Glenroy has seen property prices show investors a 36.36% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -2.97% to buyers in Glenroy at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 8.30%, investors should hope to achieve an overall return of 3.12%
If you compare the increase in value of investment property in Glenroy, 3046 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.85%.
If we look at median property appreciation over just the last three months, Glenroy has given property investors a paper return of 0.35%. This puts Suburb as 194 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Glenroy is $431500, with sellers offering an average of -6.06% off the asking price.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 6.80%.