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Glenelg Shire, VIC

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Glenelg Shire is a local government area in Victoria’s Barwon South West district. The LGA’s property market is a mix of rural and coastal towns. The market is growing steadily and is expected to continue to do so.

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The Glenelg Shire economy is based on agriculture, tourism, and fishing.

Managers account for 15.7 % of employment in Glenelg, followed by technicians and trades workers at 14.5 %, labourers at 13.9 %, professionals at 13.4 %, and machinery operators and drivers at 12.3 %. Glenelg residents aged 15 years and older have a typical weekly personal income of $536.

There is a wide range of properties available, from affordable housing to luxury beachfront homes. The area is popular with retirees and families, and there is a strong community spirit.

In Glenelg, 92.4 % of inhabited private residences are detached houses, 2.7 % are semi-detached, row or terrace houses, townhouses, or other similar structures, 3.4 % are flats or apartments, and 0.9 % are other structures.

If you’re looking to invest in property in the Glenelg Shire, there are a few things to keep in mind.

Firstly, make sure you research the area well – understanding things like population growth, average incomes and median property prices is essential in making a well-informed decision. Another key factor to consider is the type of property you’re interested in.

Are you looking for a family home, a holiday rental or an investment property? Each option has its own set of pros and cons, so it’s important to weigh up all the factors before making a decision.

Finally, remember that property investment is a long-term game. Don’t be tempted to jump into the market without doing your research – it could lead to costly mistakes down the track.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Yield chart
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GRC chart
Fundamentals
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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
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SOM chart
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Hold chart
Demand

Days on Market

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Clearance Rate

Search Index

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DOM 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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Property Market in Glenelg Shire, VIC

What other property markets are there near Glenelg Shire, VIC?

Glenelg Shire is surrounded by 3 other council areas – Moyne, West Wimmera, Southern Grampians.

How many people live in Glenelg Shire, VIC?

There are approximately 20000 people living in roughly 10000 dwellings in total, with an average household size of 2.3.

What major retailers are there in Glenelg Shire, VIC?

The main retail centres are The Reject Shop, Moynes Fashion, Mensland, ALDI, Daly’s IGA Heywood.

What is the main industry in Glenelg Shire, VIC?

Such sectors as Timber, Fishing, Aquaculture and Agriculture make up the largest part of the employment.

What are the dominant demographic groups in Glenelg Shire, VIC?

Among approximately 20000 people in Glenelg Shire males and females make roughly 50% and % of each group. The median age of people is 47 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for 22%.

How is unemployment rate trending in Glenelg Shire, VIC?

Among approximately 9000 people employed, roughly 53% work full-time, 34% work part-time, and an estimated 6% are unemployed.

Suburbs/localities in this Local Government Area: Bahgallah 3312, Gorae 3305, Gorae West 3305, Grassdale 3302, Greenwald 3304, Heathmere 3305, Henty 3312, Heywood 3304, Homerton 3304, Hotspur 3303, Lake Mundi 3312, Lindsay 3312, Lyons 3304, Merino 3310, Milltown 3304, Mount Richmond 3305, Mumbannar 3304, Muntham 3315, Myamyn 3304, Nangeela 3312, Nareen 3315, Narrawong 3285, Nelson 3292, Paschendale 3315, Portland 3305, Portland North 3305, Portland West 3305, Sandford 3312, Strathdownie 3312, Tahara 3301, Tahara Bridge 3315, Tahara West 3310, Tyrendarra 3285, Wando Bridge 3312, Wando Vale 3312, Warrock 3312, Bolwarra 3305, Winnap 3304, Allestree 3305, Killara 3312, Branxholme 3302, Brimboal 3312, Cape Bridgewater 3305, Carapook 3312, Cashmore 3305, Casterton 3311, Chetwynd 3312, Clover Flat 3315, Condah 3303, Corndale 3311, Dartmoor 3304, Dergholm 3312, Digby 3309, Drik Drik 3304, Drumborg 3304, Dunrobin 3312, Dutton Way 3305

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