Glen Iris is a large suburb in Victoria within the Boroondara local government area (postcode 3146). With a population of 26,131, the suburb has an established demographic with a median age of 40. Households earn a median income of $130K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Glen Iris is $2.4 million, having declined 5.2% over the past year. Units have a median price of $748,000 (-5.4% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,830.
Glen Iris is served by 6 schools, including 4 primary, 2 combined. The average ICSEA score is 1175, which is well above the national average of 1,000. Public transport access includes 10 rail stations, 72 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Glen Iris offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 18.3x is considered stretched. House prices have moved -5.2% year-on-year.
Glen Iris is a large suburb in Victoria within the Boroondara local government area (postcode 3146). With a population of 26,131, the suburb has an established demographic with a median age of 40. Households earn a median income of $130K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Glen Iris is $2.4 million, having declined 5.2% over the past year. Units have a median price of $748,000 (-5.4% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,830.
Glen Iris is served by 6 schools, including 4 primary, 2 combined. The average ICSEA score is 1175, which is well above the national average of 1,000. Public transport access includes 10 rail stations, 72 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Glen Iris offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 18.3x is considered stretched. House prices have moved -5.2% year-on-year.