Glen Huntly (postcode 3163) is a smaller suburb in Victoria within the Glen Eira local government area. The area has roughly 4,905 residents and a mix of families and early-career residents, with a median age of 35. Households earn a median income of $98K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 professional services and healthcare. The top ancestries reported are English, Australian, Indian.
Glen Huntly has a median house price of $1.5 million, which has fallen sharply by 11.6% year-on-year. Units have a median price of $593,000 (-4.4% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Glen Huntly is served by 2 schools, including 2 primary. The average ICSEA score is 1124, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 6 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.1% (low yield). Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 15.7x is considered stretched. House prices have moved -11.6% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.