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Glenroy, VIC 3046

Home » VIC Real Estate Data » Moreland City, VIC » Glenroy, VIC 3046

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, VIC 3046 located in Melbourne 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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Yield 

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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 “Glenroy, VIC 3046”

  1. The total adult population (15 years or older) of Glenroy 3046 VIC is 19,640, with a median age of 34. Of those, 44.94% are married, 10.57% are divorced or separated, 38.24% are single and 6.25% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,756. The median monthly mortgage repayment for households in this suburb is $1,927 which is 24.85% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within Victoria, the suburb of Glenroy 3046 is home to approximately 10,941 households. As we venture into Q3 of 2023, property dynamics within this region feature typical house prices at $843,465, coupled with a median weekly rent of $452. This configuration frames an indicative yield of 2.79%, slightly below the most desirable threshold for cashflow-centered investors.

    The suburb sports an IRSAD score of 977 out of 1217, painting a favourable image of the socio-economic fabric and access to economic resources. Meanwhile, the renter to owner ratio stands at 37%, a figure that suggests a balanced property market, albeit with a mild tilt towards rental properties. Yet, the market retains its appeal, mainly due to a favourable units to houses ratio at 31%, indicative of a strong presence of houses over units, thereby, underpinning the potential for less competition among landlords seeking tenants, and encouraging longer tenancy periods due to a family-centric demographic.

    A critical need to bear in mind is the affordability index for houses in this locality, standing at a daunting 43 years. This figure implies a high degree of unaffordability, assuming a standard 30-year mortgage period. However, a search for potential benefits within the supply matrix presents a low stock on market Percentage at just 0.27% for houses and an appealingly low inventory Level at 0.81 months, translating to a quick absorption of new houses into the market.

    The building approvals Ratio for houses lies at a low 0.9%, suggesting an absence of an overwhelming influx of new dwellings, thereby maintaining the balance of supply. The days on market for houses is relatively low at just 27 days, indicating high demand coupled with a low vacancy rate of just 0.95% (across both houses and units), which further emphasises strong rental demand.

    However, the buy search index comes in at 3, potentially indicating limited demand concerning property purchases, therefore, investing in this region would necessitate continuous monitoring of market developments and trends. As with any decision around property investment, while the region shows a mix of favourable and questionable statistics, it’s important to remember that it’s acceptable to have some metrics in unfavourable ranges if the majority of other statistics remain favourable.

    The RCS (Relative Composite Score) metric is a useful measure that automates this research by using over 80 metrics. The HtAG Analytics tool is an instrumental resource in providing such an invaluable insight. Remain attentive to the ebbs and flows of the property market, and Glenroy 3046 might just reveal an opportunity worth investing in.

    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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