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Glenlee, VIC 3418
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$695,000
market range $350K-$725K
Median Unit
$185,000
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for Glenlee
Glenlee has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Glenlee market and investor summary
Glenlee (VIC 3418) runs a median house price of $695K, with houses yielding a gross 2.8%. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 65 days on market, so plan for a slower exit if you ever need one.
Living in Glenlee: people, income and schools
Glenlee is home to around 71 people, a count that has slipped about 3% over five years. The median age is 49, skewed a little older, and 86% 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 $69,000 a year, or roughly $1,330 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 10.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 30% over five years, which tends to underpin what local buyers can pay.
- Population
- 71
- -3% over 5yr
- Median age
- 49 years
- Median household income
- $69,000/yr
- Households renting
- 14%
- Family households
- 70%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 2.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Glenlee
No properties currently listed in Glenlee
Search Glenlee listings →Frequently asked questions about Glenlee
What should I check before investing in Glenlee?
Glenlee has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.5%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (0.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Glenlee?
The median property price in Glenlee, VIC 3418 is $695K for houses and $185K for units.
What rental yield does Glenlee show?
The gross rental yield in Glenlee is 2.8% for houses and 5.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Glenlee?
The current vacancy rate in Glenlee is 0.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Glenlee?
Glenlee has a population of approximately 71 residents, with a median age of 49.
Is Glenlee affordable to buy in?
A median house in Glenlee costs about 10.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Glenlee's population growing?
The population of Glenlee has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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