Located in New South Wales within the Blacktown local government area, Glendenning is a moderately sized suburb (postcode 2761). With a population of 5,196, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $115K per year, with an average household size of 3.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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 clerical & administrative, machinery operators & drivers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, Filipino, English.
Glendenning has a median house price of $1.1 million, which has posted strong gains by 7.4% year-on-year. Units have a median price of $770,000 (+4.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Glendenning is served by 2 schools, including 2 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.1% (moderate yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.5x is considered moderate. House prices have moved +7.4% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.