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Glen Iris, VIC 3146

Home » VIC Real Estate Data » Boroondara City, VIC » Glen Iris, VIC 3146

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 Glen Iris, VIC 3146 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 

2BR

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5BR

Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

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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 “Glen Iris, VIC 3146”

  1. The total adult population (15 years or older) of Glen Iris 3146 VIC is 21,616, with a median age of 40. Of those, 51.60% are married, 8.09% are divorced or separated, 36.48% are single and 3.85% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $13,788. The median monthly mortgage repayment for households in this suburb is $2,830 which is 20.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Glen Iris 3146, situated in Victoria, hosts around 12,027 households and boasts a highly attractive socio-economic profile. As of Q3 2023, the average price for houses in this suburb stands at a hefty $2,638,915. With median weekly rents at $734, homeowners benefit from an indicative yield of just over 1.45%.

    The typifying IRSAD score for the suburb is an impressive 1144 out of 1217, demonstrating a highly favourable socio-economic status, marked by a flourishing economy, and high income with a prevalence of skilled professionals.

    In terms of investment indicators, the renter to owner ratio in Glen Iris is a solid 28%, suggesting a robust demand for rental properties without an oversaturation in the market. This aligns well with the units to houses ratio that sits at a balanced 38%, indicating a relatively lower competition among landlords for tenants.

    However, it’s worth noting that property affordability may be a concern here with the ‘Years to Own’ score resting at 75 years. This measurement, which surpasses the standard 30-year mortgage, signals a challenging path to ownership and may limit buyer activity in this pricing tier.

    On the property supply metrics, Glen Iris reveals a favourable market situation. The stock on market Percentage for houses is a low 0.11% and the inventory level for houses is at a mere 0.37 months. Both these metrics illustrate a tightly held market with potentially heightened competition among buyers. Add to this, the building approvals Ratio for houses is just 1.45%, pointing towards a slow expansion of available housing stock.

    The property demand dynamics in Glen Iris also appear favourable. A quick turnaround time for property aims is evident as the ‘Days on Market’ for houses averages at 23 days only. This, combined with a balanced vacancy rate of 2.11%, signals a healthy demand in the rental market. Further, with a buy search index for houses at 4, buyer interest in this suburb appears robust.

    While individual metrics offer valuable insights, investors should also consider the overall market trends and other factors. In this case, while Glen Iris scores favourably on several points, the high property prices and longer ‘years to own’ factor may need careful consideration. The RCS score developed by HtAG Analytics could offer further clarity on overall investment potential in Glen Iris.

    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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