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Glenmore Park Suburb Insights
VICLocation Information
Suburb Name
Glenmore Park, VIC
Distance from CBD
21.1 kmDemographics
Population
23,004
Median Income
$45,916
Area Information
Area
9.74 km²
Population Density
2362 people/km²
Property Market
Median Price
$532,150
Annual Growth
+17.7%Property Price Trend Analysis
Current Median Price
$532,150
Annual Growth
+17.7%
Quarterly Growth
+1.4%
Price Trends - Last 6 Months
2024-01
$576,223
+7.7%2024-02
$837,978
+8%2024-03
$998,387
+9.5%2024-04
$853,372
+6.9%2024-05
$446,875
+15.9%2024-06
$1,001,106
+14.2%Property Type Price Analysis
House
Median Price
$1,142,599
Growth Rate
+8.9%Available Listings
189 properties
Apartment
Median Price
$660,740
Growth Rate
+16.7%Available Listings
803 properties
Townhouse
Median Price
$968,172
Growth Rate
+13.8%Available Listings
66 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy