Glenwood (postcode 2768) is a settled mid-to-large suburb in New South Wales within the Blacktown local government area. With a population of 15,829, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $160K per year, with an average household size of 3.5 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 professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Indian, Australian, English.
Glenwood has a median house price of $1.7 million, which has edged higher by 1.9% year-on-year. Units have a median price of $1.2 million (+26.3% YoY). The current median weekly rent is $845. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,600.
Glenwood is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 1 rail station, 57 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +1.9% 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.