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Glen Forbes, VIC 3990
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,050,000
list-price estimate
Median Unit
$495,000
Gross Yield (units)
4.5%
1yr Growth (houses)
+5.8%
estimate
Investment snapshot for Glen Forbes
Glen Forbes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Glen Forbes market and investor summary
Glen Forbes sits in VIC, postcode 3990. House prices have moved +5.8% over the past year.
Houses also take time to sell, around 188 days on market, so plan for a slower exit if you ever need one.
Living in Glen Forbes: people, income and schools
Glen Forbes has a resident population of roughly 118, and the area has been growing steadily, up about 14% over five years. The median age is 56, an older, established demographic, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $81,000 a year, or roughly $1,560 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 2 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 4 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 118
- +14% over 5yr
- Median age
- 56 years
- Median household income
- $81,000/yr
- Households renting
- 7%
- Family households
- 88%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 988
- Unemployment
- 3.5%
- Walk score
- 4/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Glen Forbes
No properties currently listed in Glen Forbes
Search Glen Forbes listings →Frequently asked questions about Glen Forbes
What should I check before investing in Glen Forbes?
Glen Forbes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Capital growth of +5.8% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Glen Forbes?
The median property price in Glen Forbes, VIC 3990 is $495K for units.
What rental yield does Glen Forbes show?
The gross rental yield in Glen Forbes is 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Glen Forbes?
House prices in Glen Forbes are up 5.8% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How many people live in Glen Forbes?
Glen Forbes has a population of approximately 118 residents, with a median age of 56.
What schools are near Glen Forbes?
There are 2 schools within roughly 5km of Glen Forbes. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Glen Forbes's population growing?
The population of Glen Forbes has grown about 14% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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