Glen Iris

Glen Iris, situated about 10 km southeast of Melbourne’s Central Business District, falls within the City of Boroondara and Stonnington. This leafy, established suburb is known for its blend of period charm and modern amenities, making it a popular choice for families and professionals.

Demographic Profile

• Population: According to the 2021 census, the population of Glen Iris was 26,131.
• Predominant Age Group: The suburb is popular among the 30-49 age group, with many families.
• Median Household Income: Typically higher than the Melbourne average, indicative of the suburb’s affluence.
• Occupancy: A mix of homeowners and renters leaning towards owner-occupiers.

Real Estate and Growth

• Median House Prices: The median house price in Glen Iris is around AUD 1,900,000.
• Median Unit Prices: For units, the median price stands at approximately AUD 700,000.
• Rental Market: The median house rent is about AUD 600 per week, while units rent around AUD 450 per week.
• Market Trends: Glen Iris has experienced steady growth in property values, attributed to its desirable location, quality housing, and strong community feel.

Education and Lifestyle

• Schools: The suburb is home to several excellent schools, both public and private, including Glen Iris Primary School and Sacré Cœur, a leading Catholic girls’ school.
• Local Vibe: Known for its quiet, tree-lined streets and well-maintained parks, Glen Iris offers a peaceful and upscale living environment.
• Community Insights: Residents appreciate the suburb’s safety, family-friendly atmosphere, and proximity to the city centre.

Transportation

• Public Transport: Well-serviced by trams, trains (Glen Iris station on the Glen Waverley line), and buses, offering easy access to the CBD and surrounding areas.
• Road Access: Convenient access to major arterials, including the Monash Freeway.

Notable Features

• Parks and Recreation: Renowned for its green spaces, including Ferndale Park and Gardiners Creek Trail, ideal for outdoor activities and relaxation.
• Shopping and Dining: Offers a variety of local shopping options and cafes, with nearby larger shopping centres like Chadstone and Camberwell Junction.

Glen Iris is a prestigious and well-established suburb offering a serene residential setting with convenient access to urban amenities. Its beautiful homes, excellent schools, ample green spaces, and stable property values make it a highly sought-after location for families and professionals within the Melbourne area.