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Glen Iris

Suburb Profile

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

house
unit

Property investors have seen a -1.22% drop in GLEN IRIS based on a decrease 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 12.22%.

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 $2,020,000

Profits averaged 2.01% 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 $675 based on current median home prices for the suburb.

The gross rental yield in GLEN IRIS, 3146 is 1.74%.

An average of 16 real estate transactions take place per month in GLEN IRIS which translates to 192 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,020,000 $712,000
GROWTH REPORT
Median Quarterly -1.22% -1.11%
Median 12 month 12.22% -2.47%
Median 3 years 6.04% 1.72%
Median 5 years 30.03% 19.66%
10 years average annual 5.52% 3.87%
Weekly media advert. rent $675 $430
Time on Market 53.3 days 44.5 days
Gross Rental Yield Percent 1.74% 3.14%
demographics (median values)
Total Population
23270
Weekly Household Income
1571
Household Size
2.60
demographics
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