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Glenroy suburb profile

Glenroy is a charming suburb located in the regional city of Albury, New South Wales, offering a peaceful lifestyle with a touch of rural charm. Known for its friendly community and scenic surroundings, Glenroy provides residents with a relaxed atmosphere while still being close to the amenities of Albury. The suburb features a mix of established homes and newer developments, catering to a variety of lifestyles. With its proximity to parks, schools, and local shops, Glenroy is an appealing choice for families and individuals seeking a balance between convenience and tranquility in a picturesque setting.

Glenroy property market performance

Glenroy's property market has experienced significant growth, with the median house value rising by 15.3% over the past 12 months, now at $706,500. However, the unit market remains inactive, with no sales or value changes recorded.

In the past three months, 17 houses have been sold, indicating strong market activity, and houses are moving quickly with a median time on market of just 22 days. The absence of unit activity suggests limited demand or availability in that segment.

The rental market for houses in Glenroy has also seen notable growth, with rental prices increasing by 10.4% over the last year, averaging $550 per week. Meanwhile, there have been no changes in unit rents, reflecting the inactive unit market.

HousesUnits
Median price
Past 3 months
$708KN/A
Change in value
Past 12 months
14.2%N/A
Sold
Past 3 months
16N/A
Median days on market
Past 12 months
25N/A
Average rent
Past 12 months
$550N/A
Change in rent
Past 12 months
10.4%N/A

5 year median price trend for houses and units

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Glenroy demographics

Glenroy, located in the Albury region of New South Wales, offers a serene suburban lifestyle with a touch of rural charm. With a population of 3,528, this suburb is characterized by its mature demographic, as indicated by the median age of 45. This suggests a community that is well-established, with many long-term residents enjoying the peaceful environment and strong sense of community.

The suburb's family structure is diverse, with 37.3% of families being couples with children and 44.5% being couples without children. This balance reflects Glenroy's appeal to both young families and older couples who appreciate the suburb's quiet, family-friendly atmosphere. One-parent families make up 17.3% of the community, adding to the suburb's inclusive and supportive environment.

In terms of property ownership, Glenroy shows a strong inclination towards home ownership, with 39.4% of properties owned outright and 34.6% owned with a mortgage. This high level of ownership indicates a stable and committed community, with many residents choosing to invest in their homes for the long term. The rental market, comprising 26% of properties, provides options for those seeking flexibility or new to the area.

Overall, Glenroy offers a tranquil lifestyle with the convenience of nearby Albury's amenities. Its combination of family-friendly living, strong community ties, and a stable housing market makes it an attractive choice for those seeking a balanced and fulfilling suburban life.

Suburbs near Glenroy

Some popular suburbs near Glenroy include:

How does Glenroy compare to nearby suburbs?

  • Median house prices: Glenroy’s median house price is 13.4% higher than North Albury’s.
  • House price growth: Over the past 12 months, house prices in Glenroy have grown 12.4% higher than in Albury.
  • Selling speed for houses: Properties in Glenroy are selling 7.4% faster than in Lavington.

Choose the right real estate agents in Glenroy

Choosing the right real estate agent in Glenroy can have a big impact on your sale. While there are 28 real estate agents working in the suburb, but just 5 of them were responsible for 40.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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