Glen Iris

POSTAL CODE: VIC, 3146

HOUSE

UNIT

Property investors have seen a 2.02% 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 $2,550,500

Profits averaged 1% 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 $900 based on current median home prices for the suburb.

The gross rental yield in GLEN IRIS, 3146 is 1.83%.

An average of 21 real estate transactions take place per month in GLEN IRIS which translates to 252 per annum.

Property investments in GLEN IRIS did not fare well against the rest of the country last year, registering a median home price decrease of -13.84%.

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

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

This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In GLEN IRIS, homes and units usually stay on listing for an average of 56.1 days.

the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $706,500

Investors saw the median home price rise to $706,500.

GLEN IRIS ranks 226th on the list of best yielding suburbs for rental properties in VIC, posting a 4.27% return.

Surburb overview

Glen Iris is an inner-south-eastern suburb of Melbourne spanning the Cities of Stonnington and Boroondara. The suburb is located approximately 10 kilometres south-east of the Melbourne central business district and is bordered by Malvern East, Ashburton, Camberwell and Toorak.

Glen Iris recorded a population of more than 25,000 residents at the 2021 census, reflecting its status as a well-established residential area. The demographic profile includes families, professionals and older residents, with household incomes and educational attainment above metropolitan averages.

Housing in Glen Iris is diverse, comprising detached houses, townhouses, and numerous low- and mid-rise apartment developments. Higher-density housing is concentrated near transport corridors and major roads, while interior streets retain a predominantly residential character.

Public transport access is a key feature, with Glen Iris railway station on the Glen Waverley line providing direct train services to the CBD. Additional rail access is available at nearby stations, including Gardiner and Darling, expanding travel options for residents.

Several tram routes operate along High Street Road, Toorak Road and Burke Road, offering frequent connections to surrounding suburbs and central Melbourne.

Road access is supported by major arterial routes such as the Monash Freeway, Toorak Road and Burke Road, which facilitate regional travel but experience peak-hour congestion.

Local shopping strips along High Street Road and Toorak Road provide supermarkets, cafés, medical clinics and everyday services. Larger retail centres and commercial precincts are accessible in nearby suburbs, including Chadstone, Malvern and Camberwell.

Educational facilities include primary and secondary schools in Glen Iris and neighbouring areas, as well as proximity to tertiary institutions across the inner south-east.

Recreational amenities include the Harold Holt Swim Centre, Gardiners Creek parkland,s and shared walking and cycling trails that connect to broader open space networks.

Sports grounds, reserves and linear parks support organised sport and informal recreation throughout the suburb.

Employment among residents spans professional services, education, health care and retail, with many commuting to employment hubs across metropolitan Melbourne.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,550,500	$706,500
Growth Report
Median Quarterly	2.02%	1.95%
Median 12 month	6.05%	-13.84%
Median 3 years	3.3%	-11.69%
Median 5 years	19.74%	-10.29%
10 years average annual	3.99%	1.96%
Weekly media advert. rent	$900	$580
Time on Market	40.3 days	56.1 days
Gross Rental Yield Percent	1.83%	4.27%

Demographics (Median Values)*

Total Population 25255

Weekly Household Income 2195

Household Size 2.60

Average 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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