Suburb Profile Report for Glenroy VIC (3046)

Glenroy House: Median price $645,000, Annual capital growth 5.84%, Number of sales 199, Weekly median advertised rent $410

Glenroy Unit: Median price $516,375, Annual capital growth 4.24%, Number of sales 201, Weekly median advertised rent $385

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$645,000 $516,375
-3.30% 2.63%
-11.64% -1.64%
5.84% 4.24%
$410 $385
199 201
3.31% 3.88%
63 66.6730769230769

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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