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Glenella, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » Glenella, QLD 4740

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 Glenella, QLD 4740 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Glenella, QLD 4740”

  1. The total adult population (15 years or older) of Glenella 4740 QLD is 3,597, with a median age of 39. Of those, 56.21% are married, 9.67% are divorced or separated, 29.86% are single and 4.14% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $11,044. The median monthly mortgage repayment for households in this suburb is $1,904 which is 17.24% of their earnings.

    Source: ABS Census Data (2021)

  2. Commencing with a suburb snapshot, Glenella 4740, found in QLD, has an approximated 1832 households. As the third quarter of 2023 unfolds, the typical property prices for houses here are standing at $608,845. Added to this, the median weekly rent is at a decent $537, which yields an attractive indicative yield of about 4.59%.

    Digging a bit into Glenella’s socio-economic climate, we see that the Internal Revenue Serving Area (IRSAD) score of the suburb is at 1027 out of 1217. This is quite an impressive score, indicating that the residents in the area are well-to-do, benefit from good economic resources, and enjoy a high income level.

    Furthermore, the renter to owner ratio in the area is reasonably low at 21%, making it an attractive market as there is less competition amongst investors. Remarkably, the units to houses ratio in the suburb is only 2% which ensures lower competition amongst property owners for tenants, and generally accounts for longer tenancy periods.

    Touching upon affordability, the suburb scores well again. The affordability index shows that it would take approximately 22 years to fully own a property in the area. Keeping in mind the standard 30-year mortgage assumption, it lays bare the relative ease and high affordability that typifies the Glenella locale.

    In regard to supply metrics, Glenella is showing quite favourable signs as well. The stock on market Percentage for houses is at meagre 0.46%, an indication of low supply. Furthermore, the inventory level is just under a month, which is also favourable.

    As far as new buildings are concerned, Glenella’s building approvals ratio is at a low of 0.29% indicating minimal upcoming supply.

    Looking into demand metrics, houses in Glenella spend approximately 23 days on the market suggesting high demand. Along similar lines, the vacancy rate combining both houses and units is exceptionally low at 0.53% further underlining the strong demand, and the buy search index for houses in the area is at 4, which is within the neutral range.

    Wholly, Glenella’s market data points toward a favourable investment climate as of Q3 2023, boasting a balanced supply to demand ratio, attractive yield percentages, and satisfactory buy-search values. However, as always in real estate, these metrics and associated trends should be continually monitored to ensure optimum investment decisions.

    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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