Glenrowan is a close-knit residential community in Victoria within the Wangaratta local government area (postcode 3675). It is home to about 1,049 residents, with an older-leaning population and a median age of 45. Households earn a median income of $80K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Glenrowan has a median house price of $576,000, which has risen steeply by 11.3% year-on-year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,387.
Glenrowan is served by 1 school, including 1 primary. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Wangaratta LGA is higher than average at 9,523 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.1% (moderate yield). Property prices sit below the state median ($576K/$875K), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +11.3% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.