Thinking about buying in Glen Eira? Now could not be a better time, with 4849 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,573,000 with prices in this suburb ranging from $279,000 to $87,530,000. Glen Eira is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Glen Eira Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Glen Eira driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Glen Eira ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Glen Eira classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Glen Eira necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Glen Eira

	FLAT 102, 2 ULUPNA RD, ORMOND, VIC, 3204	2	2	1	$590,000 TO $625,000 FORTHCOMING AUCTION
	FLAT 1, 30 WALSH ST, ORMOND, VIC, 3204	1	1	1	$369,000 UNDER CONTRACT
	UNIT 4, 29 ULUPNA RD, ORMOND, VIC, 3204	2	1	2	670000
	FLAT 10, 305 GRANGE RD, ORMOND, VIC, 3204	3	3	2	975000
	2 COANE ST, ORMOND, VIC, 3204	3	2	2	1550000
	FLAT 7, 28 LILLIMUR RD, ORMOND, VIC, 3204	1	1	1	$260,000 - $280,000

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General Points of Interest

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