Glen Eden suburb profile
Glen Eden is a picturesque suburb located in the Gladstone region of Queensland, known for its serene environment and family-friendly atmosphere. Situated just a short drive from the Gladstone CBD, it offers residents a peaceful lifestyle with convenient access to urban amenities. The suburb is characterized by its lush greenery, spacious parks, and modern housing developments, making it an attractive choice for families and retirees. Glen Eden's community spirit is evident in its local events and recreational facilities, providing a welcoming environment for newcomers. Its proximity to natural attractions and the coast adds to its appeal as a desirable place to live.
Glen Eden property market performance
Glen Eden's property market has experienced significant growth over the past 12 months, with house values increasing by 22% and unit values rising by 11.5%. The current median house price stands at $540,000, while the median unit price is $530,000, indicating strong demand across both property types.
Sales activity has been robust, with 35 houses and 6 units sold in the past 12 months. Houses are selling quickly, with a median of just 11 days on the market, compared to 22 days for units, suggesting a faster turnover in the housing sector.
The rental market in Glen Eden has also seen notable changes, with house rents increasing by 8.5% and unit rents rising by 12.3% over the last year. The average rent for houses is now $510, while units average $432, reflecting a strong rental demand in the area.
Median price - houses$550KPast 3 months
Median price - units$530KPast 3 months
Change in value - houses25.0%12 months
Change in value - units20.4%12 months
Houses sold25Past 3 months
Units sold8Past 3 months
Median DOM - houses10Past 12 months
Median DOM - units21Past 12 months
Average rent - houses$520Past 12 months
Average rent - units$435Past 12 months
Change in rent - houses10.6%Past 12 months
Change in rent - units11.5%Past 12 months
Glen Eden demographics
Glen Eden, located in the Gladstone Region of Queensland, is a suburb that offers a blend of family-friendly living and modern conveniences. With a population of 2,918 and a median age of 30, it is a youthful community that attracts young families and professionals. The suburb's median total household income of $2,096 per week indicates a relatively comfortable standard of living, appealing to those seeking a balanced lifestyle.
Family dynamics in Glen Eden are diverse, with nearly half of the families being couple families with children, making up 48.3% of the community. This is complemented by 32.9% of couple families without children and 17.7% of one-parent families, reflecting a supportive environment for various family structures. The presence of only 1.2% of other families highlights the suburb's focus on traditional family units.
When it comes to housing, Glen Eden offers a mix of ownership and rental options. Approximately 14.9% of properties are owned outright, while 40.7% are owned with a mortgage, indicating a strong presence of homeowners. Meanwhile, 44.3% of the properties are rented, providing flexibility for those not ready to commit to homeownership. This balance of ownership and rental properties makes Glen Eden an attractive option for both long-term residents and those seeking temporary accommodation.
Glen Eden infrastructure, key developments and investment opportunities
Glen Eden is experiencing steady growth and development, with several projects enhancing its appeal to residents and potential homebuyers. The Tondoon Botanic Gardens, a key attraction in the suburb, continues to expand its offerings with new plantings and amenities, providing a beautiful green space for locals. Recent improvements to public transport connections have made commuting more convenient, potentially increasing property desirability along major routes.
The local council has approved plans for a new community center, which will offer recreational facilities and meeting spaces for residents. Additionally, the nearby Gecko Valley Winery has become a popular destination, boosting tourism in the area and potentially contributing to increased property values. While no major infrastructure projects are currently underway, these ongoing developments are likely to sustain Glen Eden's appeal as a family-friendly suburb with a blend of natural beauty and modern amenities.
Glen Eden rental market trends
The rental market in Glen Eden is experiencing growth, with house rents increasing by 8.5% over the past year to $510 per week, while unit rents have surged 12.3% to $432 per week. This upward trend reflects strong demand and makes Glen Eden an attractive option for both renters and investors seeking promising returns in a developing area.
Suburbs near Glen Eden
Some popular suburbs near Glen Eden include: