Located in Victoria within the Moreland local government area, Glenroy is a sizeable suburb (postcode 3046). It is home to about 23,792 residents, with a mix of young professionals and families and a median age of 34. Households earn a median income of $86K per year, with an average household size of 2.6 people. 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 construction. The top ancestries reported are Australian, English, Italian.
Median house prices in Glenroy stand at $850,000, having increased by 2.8% over the last twelve months. Units have a median price of $569,000 (-2.7% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,927.
Glenroy is served by 7 schools, including 4 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 7 rail stations, 81 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 3.2%, which reads as moderate yield. Property prices are near the state median ($850K/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +2.8% year-on-year.