GoSiteHunt

Home / Suburb data / Glenroy (VIC)

Glenroy (VIC) property development snapshot

GoSiteHunt Research · Victoria · North Western Melbourne · sales Apr-Jun 2025 · rents moving annual median, year to Sep 2025

$825,000
Median house price · Apr-Jun 2025
-0.6%
Median change, year on year
64
House sales in the period
$551/wk
Median rent · 3-bed houses
3.5%
Indicative gross yield

Median rents by bedroom — Oak Park-Glenroy-Fawkner rental area

Type1-bed2-bed3-bed4+ bedAll
House$500/wk (133 bonds)$551/wk (368 bonds)$660/wk (102 bonds)
Unit$385/wk (65 bonds)$490/wk (530 bonds)$600/wk (242 bonds)

Bond-lodgement medians from the Homes Victoria Rental Report, Victorian Government (CC BY 4.0), moving annual median, year to Sep 2025. "Low sample" = the count is masked or small at source; treat those medians with care.

What the data suggests for developers.

Gross yield around 3.5% is thin — projects in Glenroy lean on end values, not rent. Sell-down schemes (subdivide-and-sell, build-and-sell) fit the profile better than holds financed on rental income. The median moved -0.6% year-on-year on 64 sales — a softening tape can mean negotiating room on the land, but re-check end values on the way down before banking the discount. Rental depth is genuine: 368 bonds behind the headline median means the rent figure is an observed market, not a handful of tenancies. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.

Check a specific address in Glenroy.

This page is suburb-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.

Related suburb snapshots: Ascot Vale · Broadmeadows · Brunswick

State-wide ranking: Victoria Opportunity Index · all covered areas: suburb data hub

Granularity & method.

Suburb-level sale medians from the Valuer-General's quarterly series (published in arrears). Rents are Homes Victoria bond medians, published for grouped suburb areas — where shown, the rent row names the group. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.

Sources: Victorian Property Sales Report, Valuer-General Victoria / DTP (CC BY 4.0) · Homes Victoria Rental Report, Victorian Government (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.