Glenmore is a small, quiet locality in New South Wales within the Wollondilly local government area (postcode 2570). It is home to about 108 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $113K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Glenmore is $1.2 million, having risen steeply by 62.1% over the past year. The current median weekly rent is $750. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $3,125.
Public transport access includes 2 bus stops. The crime rate in the Wollondilly LGA is low at 1,609 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 11.1x is considered stretched. House prices have moved +62.1% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.