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Glenmaggie, VIC 3858
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$670,000
list-price estimate
Median Unit
$405,000
Gross Yield (units)
2.9%
1yr Growth
-
Investment snapshot for Glenmaggie
Glenmaggie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Glenmaggie market and investor summary
Glenmaggie sits in VIC, postcode 3858. At 3.5% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 3.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 328 days on market, so plan for a slower exit if you ever need one.
Living in Glenmaggie: people, income and schools
About 279 people live in Glenmaggie, and the area has been growing steadily, up about 6% over five years. The median age is 55, an older, established demographic, and 93% 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 $66,000 a year, or roughly $1,270 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 279
- +6% over 5yr
- Median age
- 55 years
- Median household income
- $66,000/yr
- Households renting
- 6%
- Family households
- 70%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 3.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Glenmaggie
No properties currently listed in Glenmaggie
Search Glenmaggie listings →Frequently asked questions about Glenmaggie
What should I check before investing in Glenmaggie?
Glenmaggie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Glenmaggie?
The median property price in Glenmaggie, VIC 3858 is $405K for units.
What rental yield does Glenmaggie show?
The gross rental yield in Glenmaggie is 2.9% 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 Glenmaggie?
The current vacancy rate in Glenmaggie is 3.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Glenmaggie?
Glenmaggie has a population of approximately 279 residents, with a median age of 55.
Is Glenmaggie's population growing?
The population of Glenmaggie has grown about 6% 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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