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Glenroy, NSW 2640

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Glenroy, NSW 2640 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Glenroy, NSW 2640”

  1. The total adult population (15 years or older) of Glenroy 2640 NSW is 2,959, with a median age of 45. Of those, 46.94% are married, 12.74% are divorced or separated, 32.48% are single and 7.74% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,856. The median monthly mortgage repayment for households in this suburb is $1,473 which is 18.75% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Glenroy 2640, situated in New South Wales, has roughly 1615 households. In the third quarter of 2023, the typical house price in the area was $586,651 with a median weekly rent of $460. This translates to a fairly appealing indicative yield of 4.08%.

    On the socio-economic front, Glenroy 2640 scored an impressive 972 out of 1217 on the IRSAD scale, suggesting that residents typically have good access to economic resources and decent income levels. The renter to owner ratio in the suburb stands at just 25%, meaning the area mainly appeals to homeowners, reflecting an ideal real estate environment with high property value and less fragmentation. Adding to this, the ratio of units to houses is just 11%, revealing a market heavily dominated by houses, which often proves beneficial as houses typically attract longer-term tenants such as families.

    In terms of housing affordability in Glenroy 2640, it would take an estimated 29 years to fully own a house — a reasonably attractive figure that is below the standard 30-year mortgage. Highlighting the low supply in the market, the stock on market percentage for houses is just 0.07%, and the inventory level for houses stands at an incredibly low 0.26 months. This indicates houses sell quickly once listed. The Building Approval Ratio is also favourable at 0.81%, implying there won’t be an oversupply of new dwellings in the near future.

    Houses in Glenroy 2640 tend to be on the market for an average of 48 days, an acceptable figure not too far above the desirable 35-day benchmark. The Vacancy Rate, which includes both houses and units, sits at a moderate 1.49%, indicating a well-balanced demand. However, the buy search index for houses is a tad low at 3, suggesting there might be limited demand for buying property in the area.

    In summary, while certain metrics could improve, Glenroy 2640 checks numerous boxes for property investment, possibility facilitated by optimal ratios, decent yield, and limited market supply. Investors should closely track market developments to make beneficial property decisions. Indeed, there’s always a degree of risk when investing into properties, hence tools such as the Relative Composite Score (RCS) developed by HtAG Analytics can simplify the process by providing critical research using a variety of metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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