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Glenfield Park, NSW 2650

Home » NSW Real Estate Data » Wagga Wagga City Council, NSW » Glenfield Park, NSW 2650

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 Glenfield Park, NSW 2650 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.

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Buy 

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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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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 “Glenfield Park, NSW 2650”

  1. The total adult population (15 years or older) of Glenfield Park 2650 NSW is 4,001, with a median age of 35. Of those, 40.49% are married, 13.30% are divorced or separated, 39.37% are single and 6.92% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,512. The median monthly mortgage repayment for households in this suburb is $1,406 which is 18.72% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Glenfield Park 2650 accommodates approximately 2407 households. Looking at the real estate market in the third quarter of 2023, typical house prices sit at $560,232. The median weekly rent is $459, which translates into a respectable indicative yield of 4.26%. This yield presents an attractive opportunity for those cashflow-focused property investors seeking returns above the minimum threshold of 3%.

    The socio-economic conditions in Glenfield Park are relatively solid, as evidenced by an IRSAD score of 927 out of a potential 1217. This suggests a modest availability of economic resources, coupled with a satisfactory income level and skillset amongst the resident population.

    Glenfield Park presents an interesting investment dynamic, as it features a renter to owner ratio of 35%, which falls slightly above the optimum cut-off of 30%. An increased proportion of renters might increase competition amongst landlords, however, this potential risk may be offset by other favourable factors.

    The unit to house ratio is a mere 7%, considerably below the limit of 50%, indicating a lower risk of rental saturation causing depressed rental yields or negatively impacting the neighbourhood atmosphere. The suburb predominantly features houses, favouring longer tenancy periods and potentially higher rental returns.

    The Suburb’s affordability index shows that, on an average, a resident would require about 29 years to fully own a property. This calculation reflects current interest rates, median family income and typical property prices, falling within the favourable limit of 31 years, highlighting the relative affordability of the area for its residents.

    In terms of supply metrics, Glenfield Park also performs well. A stock on market percentage of just 0.14% and inventory levels of 0.4 months far exceed favourable limits, indicating a very low supply situation. building approvals are also low at 0.29%, projecting a low likelihood of a sudden influx of new dwellings on the market.

    Demand indicators also reflect a promising market state. Houses spend an average of only 31 days on the market, indicating strong demand from buyers. The overall vacancy rate in the suburb, a mixture of houses and units, stands at a low 1.31%. However, the buy search index is neutral at 3, suggesting an average level of buyer interest at the current time.

    To summarise, while individual measurements may vary, the dynamics of the Glenfield Park property market remain quite promising when considering essentials, fundamentals, supply and demand. The Relative Composite Score (RCS), designed by HtAG Analytics, can further simplify this property market exploration. Breaking down over 80 metrics, the RCS offers a well-rounded view of the market’s health.
    Remember to stay updated on these ever-evolving trends, as they are paramount in making informed real estate investment choices.

    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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