Is Glenroy a nice place to live?

Glenroy centres on Glenroy station on the Craigieburn line and a shopping strip of cafes and services, with parks and the Moonee Ponds Creek corridor. The community is young, with couples with children making up 43.0% of families. Everyday amenity includes the Glenroy Community Hub, which houses a library, the Glenroy Hub Children's Centre long day care service and maternal and child health services.

Is it expensive to live in Glenroy?

Renting in Glenroy would take a sizeable share of a typical local household's income. A typical local household earned $1,655 a week at the most recent Census, and house rent of $580 a week would use about 35% of that income while unit rent of $500 a week would be about 30%. Buying looks more stretched against local incomes. The median house price of $800,000 is about 9.3 times a typical local annual household income and the median unit price of $580,000 is about 6.7 times that annual income, so on these figures purchasing sits well above what a typical local household earned. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Glenroy a good place to invest?

In Glenroy, median house values rose a strong 11.0% over the last 12 months and median unit values rose a solid 9.4%; house rents increased a solid 5.5% while unit rents rose a modest 2.0%. On both houses and units in Glenroy, capital growth outpaced rental growth. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Glenroy suburb profile

Glenroy is a well-established suburb in Melbourne's northern suburbs, with residential streets of interwar weatherboard cottages and postwar brick homes alongside pockets of more recent townhouses. The area centres on Glenroy station on the Craigieburn line and a local shopping strip of cafes, grocers and services, giving a village feel within a suburban setting.

Parks and the Moonee Ponds Creek corridor provide walking and cycling links and visible green space, while major roads and frequent public transport connect the suburb to neighbouring precincts. The mix of older homes, modest blocks and newer infill keeps the streets varied and practical.

Glenroy property market performance

Current median dwelling price$690,000Past 3 months

Property growth+10.2%Past 12 months

Glenroy's median house price is $800,000, up 11.0% over 12 months, and the median unit price is $580,000, up 9.4% over 12 months.

House values rose sharply while unit values recorded a notable rise, and the two property types moved at much the same rate. In Glenroy, house rents rose by 5.5% over 12 months, a sizeable increase, but house values ran ahead of those rent gains.

	Houses	Units
Median price Past 3 months	$800K	$580K
Change in value Past 12 months	11.0%	9.4%
Sold Past 3 months	126	36
Median days on market Past 12 months	38	30
Average rent Past 12 months	$580	$500
Change in rent Past 12 months	5.5%	2.0%

5 year median price trend for houses and units

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Glenroy demographics

Glenroy is a young community.

Couples with children are the largest family group at 43.0% of families, and renters occupy 38.6% of homes. At the 2021 Census, 23,792 people lived in Glenroy.

Glenroy and Victoria

	Suburb	VIC
Median age years	34	38
Median household income weekly	$1,655	$1,759
Couples with children share of families	43.0%	45.5%
Couples without children share of families	37.1%	37.6%
One-parent families share of families	16.9%	15.2%
Homes owned outright share of homes	28.0%	33.2%
Homes with a mortgage share of homes	33.4%	37.3%
Homes rented share of homes	38.6%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Glenroy infrastructure, key developments and investment opportunities

Glenroy's Glenroy Road level crossing removal and the new Glenroy Station opened to passengers in May 2022, with trains now running through a 1.2-kilometre rail trench. The Glenroy Community Hub opened in 2022 and houses a library, the Glenroy Hub Children's Centre long day care service and maternal and child health services.

The Merri-bek North Education Plan was launched in 2024, bringing Glenroy College together with Coburg High, John Fawkner and Pascoe Vale Girls under a 10-year plan. Glenroy College’s modernisation delivered new junior and senior learning wings and a learning resource centre that opened in 2021. Council is planning local sports upgrades: the Glenroy Community Tennis Facility works are scheduled to start in late 2026 for completion in 2027, and a Wallace Reserve sportsfield lighting upgrade is expected to commence in 2026 and finish in 2027.

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 12.6% lower than Oak Park’s.
House price growth: Over the past 12 months, house prices in Glenroy have grown 4.2% higher than in Jacana.
Unit price growth: Over the past 12 months, unit prices in Glenroy have grown 4.3% higher than in Oak Park.
Selling speed for houses: Properties in Glenroy are selling 9.5% faster than in Hadfield.
Selling speed for units: Properties in Glenroy are selling 9.1% faster than in Oak Park.
Investment considerations: In Glenroy, the rental yield for house is 8.8% lower than the Melbourne average, while the rental yield for units is 16.0% lower.
House price growth: Over the past 12 months, house prices in Glenroy have grown 23.3% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Glenroy have grown 3.2% higher than the average rate of growth for units across Melbourne.

Common questions about Glenroy

Is Glenroy a nice place to live?
Glenroy centres on Glenroy station on the Craigieburn line and a shopping strip of cafes and services, with parks and the Moonee Ponds Creek corridor.

The community is young, with couples with children making up 43.0% of families. Everyday amenity includes the Glenroy Community Hub, which houses a library, the Glenroy Hub Children's Centre long day care service and maternal and child health services.
Is it expensive to live in Glenroy?
Renting in Glenroy would take a sizeable share of a typical local household's income. A typical local household earned $1,655 a week at the most recent Census, and house rent of $580 a week would use about 35% of that income while unit rent of $500 a week would be about 30%.

Buying looks more stretched against local incomes. The median house price of $800,000 is about 9.3 times a typical local annual household income and the median unit price of $580,000 is about 6.7 times that annual income, so on these figures purchasing sits well above what a typical local household earned.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Glenroy a good place to invest?
In Glenroy, median house values rose a strong 11.0% over the last 12 months and median unit values rose a solid 9.4%; house rents increased a solid 5.5% while unit rents rose a modest 2.0%. On both houses and units in Glenroy, capital growth outpaced rental growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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 157 real estate agents working in the suburb, but just 5 of them were responsible for 36.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.54% to 2.94%, 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.