At number 1197th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenroy, 3046 is in the top 30% with a property value increase of 9.10% recorded in median house prices.
Glenroy,3046 was ranked 2067 in Australia by increase in median property value over the quarter.
The most recent median price for Glenroy is $572750, with sellers offering an average of -4.72% off the asking price.
On average over the past year, suburb has had 21.00 sales per month, which equates to 252 per year.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Property value increases in Glenroy have tracked just higher than the VIC average of 3.63% over the last 12 months.
The five-year average increase in median property values for Glenroy,3046 has given property investors a potential capital gain of 10.42% across each of those five years.
Glenroy, 3046 is offering VIC ‘s 177th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
With the median price for a house in Glenroy being $425098 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.16%