VIC/
Glen iris

Suburb Profile

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

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unit

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%
demographics (median values)
Total Population
23270
Weekly Household Income
1571
Household Size
2.60
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Glen Iris, VIC
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