Suburb Profile Report for Glenroy VIC (3046)

Glenroy House: Median price $710,000, Annual capital growth 5.78%, Number of sales 200, Weekly median advertised rent $420

Glenroy Unit: Median price $540,000, Annual capital growth 4.13%, Number of sales 286, Weekly median advertised rent $390

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Glenroy is an average performer in VIC when comparing median price capital growth over the last year. Glenroy gave property investors a average capital gain figure when compared to the rest of the state, with 3.20%.

While Glenroy,3046 ranked number 162th in VIC for increase in median house value (annualised) increase, it is ranked 253th over the last 5 years.

At number 378th of VIC’s most discounted properties, Glenroy is in the TOP 30% of the state/territory when listing in order of most discounted to least.

In the last year 200 properties changed hands in Glenroy, which puts it as the 92th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Glenroy being $710000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.08%

Glenroy has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.85% to date .

Glenroy,3046 has offered an average of 4.85% return per annum in house price rises to property investors over the last three years.

At number 144th of VIC’s most discounted properties, Glenroy is in the middle of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 4.13%, investors should hope to achieve an overall return of 3.76%

Metrics i HOUSE UNIT
$710,000 $540,000
4.03% 0.93%
3.20% 4.85%
5.78% 4.13%
$420 $390
200 286
3.08% 3.76%
52.5526315789474 60.4244604316547

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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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