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Glossodia, NSW 2756

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 Glossodia, NSW 2756 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

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Glossodia, NSW 2756”

  1. The total adult population (15 years or older) of Glossodia 2756 NSW is 2,210, with a median age of 33. Of those, 49.64% are married, 11.31% are divorced or separated, 36.74% are single and 2.49% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,744. The median monthly mortgage repayment for households in this suburb is $2,067 which is 23.64% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of GLOSSODIA 2756 is a residential area with an estimated 1053 households amidst a semi-rural setting. As we enter Q3 of 2023, we notice that the typical prices for houses in this quaint suburb are around $936,714, with a median weekly rent hovering at approximately $513. This indicates a yield of around 2.85%, a figure slightly under the minimum 3% desired by cashflow-centred property investors. However, this doesn’t necessarily denote an unfavourable market, as several other metrics are tremendously promising.

    Starting with the socio-economic fabric of the region, GLOSSODIA records an IRSAD score of 995 out of 1217, portraying a reasonably well-to-do community with decent access to economic resources and high-income levels. Furthermore, the renter to owner ratio stands at only 16%, showing a strong sense of ownership within the community, with the potential to yield stable long-term returns and lesser competition for property investors. Also particularly appealing is the units to houses ratio which is exactly 0%, an indicator of a neighbourhood populated by families, who generally usher in longer tenancy periods.

    Although the affordability index appears a touch towards the higher end at 42 years, surpassing the typical 30-year scenario, this doesn’t necessarily count GLOSSODIA out. The investor must consider that this is based on numerous variables and could shift favourably with changing market dynamics.

    In terms of supply metrics, GLOSSODIA poses a lucrative charm. A notably low stock on market Percentage of 0.19% assures low supply, setting a favourable stage for investors. This sentiment is echoed by an inventory level for houses at only 0.92 months, further emphasizing the low supply scenario in this suburb. The building approvals Ratio hovers at 0.09%, yet again underscoring the extremely low influx of new housing stock into the market.

    On the demand front, GLOSSODIA yet again scores winning points with a days on market (DOM) for houses only at 28, indicating a high demand in the region. However, the combined vacancy rate for houses and units stands at 4.14%, slightly above the optimal figure of 3.5%, hinting at a moderate demand scenario. The buy search index for houses sits comfortably at 5, aligning with the state/city average.

    In a nutshell, while some metrics like yield and affordability could be improved, the compelling supply-demand dynamics, socio-economic score, and low renter-owner ratio makes GLOSSODIA a worthwhile suburb to consider for property investments in Australia. As always, a vigilant eye on market trends and a sturdy grasp on the unique RCS (Relative Composite Score) developed by HtAG Analytics can be instrumental in identifying potentially profitable real estate investment avenues.

    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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