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Glenore Grove, QLD 4342

Home » QLD Real Estate Data » Lockyer Valley Regional, QLD » Glenore Grove, QLD 4342

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 Glenore Grove, QLD 4342 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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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 “Glenore Grove, QLD 4342”

  1. The total adult population (15 years or older) of Glenore Grove 4342 QLD is 779, with a median age of 42. Of those, 46.21% are married, 13.35% are divorced or separated, 35.30% are single and 4.62% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,168. The median monthly mortgage repayment for households in this suburb is $1,365 which is 19.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Glenore Grove, Queensland, postcode 4342, is a suburb that is home to approximately 505 households. In Q3 2023, the typical house prices in Glenore Grove revolve around $567,837. The median weekly rent in the area stands at a relatively high $556, resulting in an attractively strong indicative yield of 5.09%.

    Socio-economically, Glenore Grove possesses an above average IRSAD score of 921 out of 1,217. This score suggests a reasonably robust socioeconomic status in the area with good access to economic resources. Adding to its attractiveness is the reasonably balanced renter to owner ratio of 22%, suggesting enough rental demand without oversaturation of the rental market.

    When it comes to property types, Glenore Grove is exclusively dominated by houses, proving favourable to investors seeking property types with less competition and higher potential rental yields.

    However, potential investors should take note of the affordability index of 31 years for houses in Glenore Grove. This value, slightly surpassing the standard 30-year mortgage term, suggests a moderate level of challenge for homeownership and may impact on investment decisions.

    Further examining the market’s supply metrics, the stock on market Percentage for houses sits at 0.59%, falling within the neutral range. Meanwhile, the inventory level is slightly high at 4.5 months indicating a slower absorption of new listings into the market.

    The building approvals Ratio further provides insight into the property market’s dynamics. The value of 1.58% is within a favourable range, revealing a controlled addition of new dwellings in the area’s housing stock.

    In terms of demand metrics, Glenore Grove is exhibiting strong demand with an average days on market for houses at a quick 18 days. The combined vacancy rate for houses and units within the suburb rests at 1.82%, within the neutral zone, suggesting a balance between rental supply and demand.

    On the online landscape, Search Index for houses in Glenore Grove stands at 4, representing moderate interest from potential house buyers, relative to the state or city average.

    In summary, Glenore Grove’s property market, particularly for houses, offers strong potential for investors, predominantly driven by high yield and strong market demand. Investors should nonetheless, be aware of the slight challenge posed by the affordability index and ensure vigilant watch over market developments.

    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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