Glengarry

Glengarry, VIC 3854 is a small suburb with a population of 1113 residents. The demographic skews towards families and older adults, with a notable number of residents aged between 45 to 64 years. The suburb has a high weekly median household income and a significant portion of residents work in managerial, professional, and trade occupations. The commute to work mainly involves motor vehicles, with a small percentage working from home. For house investors in Glengarry, the suburb shows potential for renovation opportunities given its high sale price IQR and a median sale price growth over the past ten years. However, the current market absorption rate is relatively low, indicating a buyer's market. With moderate rental yield and low vacancy rates, the suburb may appeal to buy-and-hold investors seeking long-term capital growth. Glengarry, VIC 3854 offers a quiet, family-friendly lifestyle with a strong community feel. Property investors looking into houses should consider the renovation potential due to the high sale price IQR and historical median price growth, keeping in mind the current market conditions favour buyers. The suburb's demographics point towards stable income levels, suitable for long-term investment strategies. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022