Suburb Profile Report for Glenroy VIC (3046)

Glenroy House: Median price $575,000, Annual capital growth 7.90%, Number of sales 278, Weekly median advertised rent $355

Glenroy Unit: Median price $426,350, Annual capital growth 6.68%, Number of sales 264, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Glenroy, 3046 have given investors a capital gain of 6.98%. This compares averagely with the 8.06% for VIC as a whole.

Glenroy,3046 has offered an average of 6.98% return per annum in house price rises to property investors over the last three years.

Glenroy, 3046 is offering VIC ‘s 439th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Using the current median advertised rental of $355 and the average annual increase in value of a median property of 7.90%, investors should hope to achieve an overall return of 3.21%

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 3.99%

A 7.94% growth in median value for property investors in Glenroy,3046 puts this suburb at number 219th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Glenroy is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 76th in terms of most discounted suburbs in VIC

Glenroy, 3046’s gross rental yield is 4.15%

HOUSE UNIT
$575,000 $426,350
1.77% -0.19%
6.98% 3.99%
7.90% 6.68%
$355 $340
278 264
3.21% 4.15%
61.16 88.59

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 19663
Median household income ($/weekly) 954
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2124 10.8
    25-34 years 3498 17.8
    35-44 years 2672 13.6
    45-54 years 2269 11.5
    55-64 years 1628 8.3
    Others 7473 38.0
    Age Group
    Census Count Percent(%)
    Not Married 6856 47.4
    Registered Married 6779 46.9
    Defacto Relationship 814 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 10617 58.3
    Indonesia 1011 5.6
    Japan 963 5.3
    Turkey 505 2.8
    Other 1355 7.4
    Others 3757 20.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 555 3.1
    Christianity 10535 59.5
    Hinduism 763 4.3
    Islam 3069 17.3
    No Religion 2386 13.5
    Others 385 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 628 10.1
    $400-$599 823 13.2
    $600-$799 671 10.8
    $1,000-$1,249 601 9.6
    $1,500-$1,999 786 12.6
    Others 2727 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6723 45.1
    Employed, worked full-time 4674 31.4
    Employed, worked part-time 2322 15.6
    Employed, away from work 596 4.0
    Unemployed, looking for work 591 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1277 16.8
    Technicians & trades workers 1240 16.3
    Community & personal service workers 763 10.1
    Clerical & administrative workers 1149 15.1
    Labourers 900 11.9
    Others 2257 29.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 1201 29.0
    Secondary 1056 25.5
    Technical or Further Educational Institution 538 13.0
    University or other Tertiary Institutions 707 17.1
    Other type of educational institution 345 8.3
    Others 290 7.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13874 77.2
    Semi-detached, row or terrace house, townhouse 2651 14.8
    Flat, unit or apartment 1413 7.9
    House or flat attached to a shop, office 24 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2617 38.9
    Rented 2111 31.3
    Being purchased 1969 29.2
    Other tenure type 38 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals