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Glen Iris
AREA REPORTS

Glen Iris

Glen Iris - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3146

house
unit

Property investors have seen a 6.67% gain in GLEN IRIS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on GLEN IRIS, 3146 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.67%.

Based on its average 5-year and quarterly capital gains GLEN IRIS, 3146 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,480,000

Profits averaged 11.84% per annum over a 3-year period, due to an upward trend in home prices in GLEN IRIS, 3146.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

The gross rental yield in GLEN IRIS, 3146 is 1.68%.

An average of 25.5 real estate transactions take place per month in GLEN IRIS which translates to 306 per annum.

Data report can be found below

Glen Iris
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,480,000 $730,000
GROWTH REPORT
Median Quarterly 6.67% -2.67%
Median 12 month 17.67% -6.41%
Median 3 years 35.52% -2.01%
Median 5 years 31.36% 10.63%
10 years average annual 7.8% 3.48%
Weekly media advert. rent $800 $395
Time on Market 58.1 days 73.7 days
Gross Rental Yield Percent 1.68% 2.81%
demographics (median values)*
Total Population
25255
Weekly Household Income
2195
Household Size
2.60
Age
37
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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