Glenroy, 3046 ranked 592th in VIC when comparing growth in median property values or capital gain over the last 12 months. Glenroy is one of 2099 in our list for VIC
Across a shorter period, Glenroy, 3046 has seen a median price increase of -3.30% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Glenroy itself are offering an average vendor discount of -6.31% to real estate investors.
With the median price for a house in Glenroy being $645000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.31%
Over the last year, property investments in Glenroy, 3046 have given investors a capital gain of -1.64%. This compares averagely with the 0.68% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glenroy has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.91% to buyers in Glenroy at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Glenroy the average time real estate has been on the market is 66.6731 days.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 4.24%.