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Suburb Insights · VIC 3238

Glenaire, VIC 3238 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Glenaire is a regional centre in Victoria, Australia, with a population of approximately 33, making it a boutique locality. Located approximately 165 km from the Melbourne CBD, Glenaire is a regional area in Victoria. The median household income is $97,448 per year.

Investment Score

40 / 100 Weak

Above-average earnings in Glenaire support sustained property values. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Melbourne
Glenaire
Victoria · 3238
165 km from Melbourne CBD
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Key Indicators

Postcode
3238

Official Australia Post postcode for Glenaire. A postcode may cover multiple suburbs.

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Population
33

Usual resident population at the most recent census.

Median weekly rent
N/A

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$97,448/yr

Annual median household income (before tax) across all households.

Distance to CBD
165 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$1,411/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
33% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Glenaire is a smaller community of 33 — about 0% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. At $97,448/year, household income in Glenaire is within 2% of the Victoria median ($95,160), placing the suburb firmly in the state's mainstream demographic band. Glenaire is 165 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 33% of dwellings are separate houses (vs 78% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.

Glenaire vs Victoria Median

How Glenaire stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Glenaire sits above the state median; negative means below.

MetricGlenaireVIC medianΔ vs state
Population337,416-100%
Median household income$97,448/yr$95,160/yr+2%
Median mortgage (monthly)$1,411$1,950-28%
Distance to CBD165 km32 km+416%
Separate houses33%78%-45pp

Investor Checklist

Pre-inspection briefing for Glenaire — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 33 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.

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Rental Yield

Median rental data was not captured for Glenaire. Use current realestate.com.au and Domain listings to triangulate a realistic weekly rent before committing, then feed that number into our rental yield calculator.

Renovation / Flip

Only 33% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.

Risk Factors

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30-year projections for Glenaire

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Glenaire are modest for 2026 — incomes close to the VIC median of $95,160 and a population of 33 suggest gains will lag headline metro markets. Rental fundamentals will need to be verified against live listings, as a clean median rent was not recorded for Glenaire. The EquitySight investment score of 40/100 places Glenaire in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Glenaire a good suburb for investment?

Glenaire scores 40/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 33, median household income of $97,448/year. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Glenaire?

The main demand drivers in Glenaire are an above-state-median household income of $97,448/year, a dwelling mix that is 33% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Glenaire?

Glenaire has a usual resident population of approximately 33, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Glenaire from the Melbourne CBD?

Glenaire sits 165 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Glenaire?

A reliable median rent was not captured for Glenaire. Benchmark expected weekly rent on realestate.com.au and Domain, or the state rental tribunal's rent dashboard. Most Australian investors target a 4–5% gross yield as a baseline.

What is the typical mortgage repayment in Glenaire?

The median monthly mortgage repayment in Glenaire is $1,411, or approximately $16,932/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Glenaire cash-flow positive for investors?

Census data was not complete enough in Glenaire to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.

What are the main risks of investing in Glenaire?

The main risks are a thin buyer pool (33 residents), interest-rate sensitivity on the $1,411 median mortgage, a unit-heavy dwelling mix (33% houses) where body-corporate costs and apartment supply affect resale, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Glenaire profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

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