Located in New South Wales within the Blue Mountains local government area, Glenbrook is a mid-sized suburb (postcode 2773). It is home to about 5,078 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $130K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward education and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Glenbrook is $1.6 million, having grown strongly by 6% over the past year. Units have a median price of $975,000 (+3.7% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,500.
Glenbrook is served by 3 schools, including 3 primary. The average ICSEA score is 1114, which is well above the national average of 1,000. Public transport access includes 1 rail station, 51 bus stops. The crime rate in the Blue Mountains LGA is low at 1,840 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.2% (low yield). Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 12.5x is considered stretched. House prices have moved +6.0% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.