Suburb Profile Report for Glenroy VIC (3046)

Glenroy House: Median price $630,000, Annual capital growth 8.66%, Number of sales 282, Weekly median advertised rent $360

Glenroy Unit: Median price $437,000, Annual capital growth 6.31%, Number of sales 246, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Glenroy have tracked close to the VIC average of 9.78% over the last 12 months.

Over the longer term, Glenroy has seen property prices show investors a 40.00% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Glenroy is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 579th in terms of most discounted suburbs in VIC

Glenroy, 3046’s gross rental yield is 2.97%

At number 851th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenroy, 3046 is in the top half with a property value increase of 3.43% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Glenroy,3046 has racked up an average of 3.43% over the period. This ranks it number 966th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Glenroy is giving property investors an average Vendor Discount of around -4.98%. This puts suburb at number 133th in VIC when ranking the most discounted suburbs.

At number 850 in a list of fastest selling suburbs, Glenroy is just in the bottom half of suburbs in Australia with an average of days on market 82.85 for properties listed there.

Situated 12.72km from the CBD, Glenroy is one of Moreland localities in the postcode 3046.

Metrics i HOUSE UNIT
$630,000 $437,000
5.70% 0.95%
11.33% 3.43%
8.66% 6.31%
$360 $340
282 246
2.97% 4.05%
58.15 82.85

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