The housing market in Glenroy, a suburb in the City of Moreland, Victoria, has experienced noticeable shifts over recent years, reflecting broader trends seen throughout Melbourne. Traditionally known for its affordability compared to inner-city suburbs, Glenroy offers a mix of post-war homes, contemporary townhouses, and new apartment developments. This variety attracts a diverse range of buyers, from first-home owners eager to gain a foothold in the market to investors capitalizing on the area's growth potential. The suburb has seen steady price appreciation, influenced by factors such as infrastructure developments, proximity to Melbourne's central business district, and the overall demand-supply dynamics prevalent in the region. This dynamic market environment makes Glenroy an appealing option for both buying and renting, with opportunities for capital growth as well as rental yields.
Living in Glenroy offers a balanced lifestyle characterized by convenient urban amenities paired with a strong sense of community. The suburb is well-serviced by public transport, including train and bus services, which connect residents to various parts of Melbourne, making it an attractive option for commuters. The area boasts a variety of recreational facilities, including parks and sports clubs, supporting an active lifestyle. Glenroy also offers a multicultural dining scene and essential shopping amenities, ensuring that locals have access to everyday conveniences. Moreover, the presence of good schools, community services, and a mix of traditional and modern housing options contribute to Glenroy’s appeal as a desirable place to live for families, young professionals, and retirees alike. With its evolving urban landscape and community-focused atmosphere, Glenroy continues to grow as a vibrant and welcoming suburb.
| Median Weekly Rent | $367.13 |
| Median Monthly Mortgage | $1877.15 |
| Median Persons Per bed houseroom | 0.93 |
| Average Household Size | 2.76 |
| Average Age | 33.87 |
| Average Income | $730.59 |
| Average Cars Per Dwelling | 1.53 |
| Average Properties Within 50M | 21 |
| Typical 1 bed house | $703,000 |
| Typical 2 bed house | $711,000 |
| Typical 3 bed house | $1,076,000 |
| Typical 4 bed house | $1,296,000 |
| Typical 5 bed house | $1,346,000 |
| Typical 6 bed+ house | $1,352,000 |
Housing Stock
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Thinking about buying in Glenroy? Now could not be a better time, with 13218 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $950,000 with prices in this suburb ranging from $30,000 to $11,107,000. The aproximate distance to the coast is 10 Km.
In Glenroy there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Glenroy is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Glenroy leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Glenroy to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Glenroy the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationGlenroy West Primary School
Glenroy Specialist School
Belle Vue Park Primary School
Glenroy Secondary College
Corpus Christi School
Glenroy Central Primary School
Glenroy Private
Westbreen Primary School
Pascoe Vale Girls Secondary College
Oak Park Primary School
(While the above schools are located with the suburb of Glenroy there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.0 | 12.3 | 28.5 | 29.0 | 90.8 | 4.2 | 26.0 |
| Feb | 0.5 | 12.8 | 28.1 | 31.2 | 90.4 | 3.9 | 21.5 |
| Mar | 0.4 | 9.7 | 24.5 | 35.1 | 93.8 | 3.7 | 16.1 |
| Apr | 1.2 | 8.2 | 21.1 | 42.0 | 95.4 | 3.4 | 11.4 |
| May | 2.2 | 7.1 | 17.0 | 53.8 | 95.6 | 3.8 | 9.0 |
| Jun | 2.2 | 5.5 | 14.4 | 61.3 | 96.3 | 3.7 | 7.2 |
| Jul | 2.7 | 5.3 | 13.9 | 61.3 | 96.4 | 4.2 | 7.5 |
| Aug | 2.3 | 5.0 | 14.6 | 53.6 | 95.5 | 4.4 | 10.2 |
| Sept | 1.9 | 6.8 | 17.4 | 48.4 | 95.0 | 4.8 | 14.4 |
| Oct | 1.3 | 7.8 | 19.6 | 44.9 | 94.1 | 4.2 | 19.0 |
| Nov | 1.1 | 8.9 | 22.6 | 37.3 | 93.7 | 4.1 | 22.6 |
| Dec | 1.2 | 10.6 | 25.8 | 34.1 | 93.1 | 4.1 | 26.3 |
source: Australian Government Bureau of Meteorology
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