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Glenroy

POSTAL CODE: VIC, 3046
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Property investors enjoyed capital gains of 3.1% over the last 12 months in GLENROY, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.23% growth over a ten-year period. It ranks 3067th on our list of suburbs that property investors should look into.

GLENROY, 3046 has a capital gain of 3.1% for the past year, which is lower than average compared to its 16.52% growth within a five-year period.

With the median home price in GLENROY sitting at $850,562, and the average rent at $550, property owners could potentially earn a 3.36% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GLENROY are low, as opposed to average gains per annum over the past five years.

GLENROY, 3046 in VIC belongs to the local government area of Moreland.

Surburb overview

Glenroy is a suburb located approximately 12 kilometres north of Melbourne's Central Business District, within the City of Merri-bek.  According to the 2021 census, it has a population of 23,792 residents. 

The suburb's demographic profile reveals a diverse community. A significant portion of the population, 47.1%, speaks English at home, with notable communities speaking Italian (7.7%), Arabic (8.9%), and Turkish (4.1%). 

Public transportation in Glenroy is well-established. The Glenroy Railway Station on the Craigieburn line serves the suburb, providing direct access to Melbourne's CBD.  Additionally, several bus routes connect residents to neighbouring suburbs and critical destinations. The suburb's proximity to major roads, including the Western Ring Road, facilitates convenient motorist access. 

Glenroy is equipped with essential establishments. The suburb features various parks and recreational facilities, including the Northern Golf Club and the Glenroy Bowls Club.  Healthcare facilities are accessible, with several medical centres and clinics in the surrounding areas. Educational institutions such as Glenroy College and Glenroy West Primary School serve the local community. 

Recreational activities are abundant in Glenroy. The suburb has several parks and reserves, providing facilities for sports and leisure activities. The Moonee Ponds Creek Trail offers opportunities for cycling and walking enthusiasts. Additionally, the nearby Glenroy Library provides further recreational amenities. 

Glenroy is a suburban environment with a blend of residential amenities, public transport options, and recreational facilities, contributing to its community-oriented atmosphere.

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