Suburb Profile
Glen Iris - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3146
Property investors have seen a 2.56% gain in GLEN IRIS based on an increase in median home prices for the past three months.
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 $2,000,000
Profits averaged 8.93% 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 $750 based on current median home prices for the suburb.
The gross rental yield in GLEN IRIS, 3146 is 1.95%.
An average of 20.5 real estate transactions take place per month in GLEN IRIS which translates to 246 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,000,000 | $665,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.56% | 1.6% |
| Median 12 month | 3.23% | 10.92% |
| Median 3 years | 26.78% | 19.91% |
| Median 5 years | 70.21% | 31.52% |
| 10 years average annual | 7.53% | 4.47% |
| Weekly media advert. rent | $750 | $420 |
| Time on Market | 60.4 days | 64.2 days |
| Gross Rental Yield Percent | 1.95% | 3.28% |
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