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City of Boroondara

Glen Iris

Glen Iris Property Market
& Suburb Profile

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MEDIAN PRICES IN GLEN IRIS

Median house price

(all agencies, last 12 months)$2.5m*

House price change

(all agencies, last 12 months)+4.56%

Median unit price

(all agencies, last 12 months)$750k*

Unit price change

(all agencies, last 12 months)-9.09%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

GLEN IRIS price TRACKER

HousesUnits

Glen Iris sales overview

  • Sold by Auction 57%
  • Sold by Private Sale or Other Method 43%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)28

Auction clearance rate in Glen Iris

(all agencies, last 12 months)60%

Average held period in Glen Iris

(proptrack)15 years

Glen Iris Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$1,080pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$620pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)2.19%

Average rental yield for Units

(all agencies, last 12 months)4.12%

Glen Iris total population size

(as at the last census)26,131

Median household size in Glen Iris

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Glen Iris property types

  • Houses 28%
  • Units 38%
  • Other 34%

OCCUPANCY in Glen Iris

  • Owned 70%
  • Rented 28%
  • Other/Not Stated 2%
  • Singles 27%
  • Families 70%
  • Other 3%

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About Glen Iris

Glen Iris is a highly desirable and established inner-eastern suburb, located approximately 10 kilometres southeast of the Melbourne CBD, offering a premium residential lifestyle defined by its abundant parklands, tranquil streetscapes, and exceptional transport connectivity.

The suburb is renowned for its elevated position and beautiful residential character, featuring a blend of meticulously maintained period homes, including Californian Bungalows and Art Deco residences, alongside executive-style townhouses and high-end modern developments, appealing to established families, professionals, and downsizers.

Lifestyle is rich with green space, with the extensive Gardiners Creek reserve, Central Park, and the Harold Holt Swim Centre providing ample opportunities for recreation and leisure, reinforcing its strong family appeal.

While the suburb does not have a single large commercial centre, residents are well-served by local village hubs like Glen Iris Road and Malvern Road, which offer excellent cafes and specialty stores, while the major retail precincts of Malvern and Camberwell are only a short drive away.

Education is a primary pillar of its strength, with numerous highly regarded public and private schools supporting long-term property demand.

Connectivity is superb, benefiting from multiple train stations on two different lines (Glen Iris and Gardiner) and extensive tram routes along High Street and Malvern Road, providing seamless, direct access to the city, complemented by immediate access to the Monash Freeway (M1).

For investors, Glen Iris represents a blue-chip market where inner-city proximity, high amenity, and excellent transport infrastructure guarantee robust long-term capital growth and stable rental returns.

Education

Camberwell South Primary School
Glen Iris Primary School
Korowa Anglican Girls' School
Sacre Coeur
St Cecilia's School
St Roch's School
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Glen Iris MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025594$1,613,0004.56%779$850pw3.16%
2024609$1,592,500-5.92%772$803pw3.14%
2023554$1,661,2500.91%835$787pw2.95%
2022571$1,649,2500.20%1107$708pw2.69%
2021704$1,657,50017.38%1099$636pw2.28%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025594$1,613,000+4.56%
2024609$1,592,500-5.92%
2023554$1,661,250+0.91%
2022571$1,649,250+0.20%
2021704$1,657,500+17.38%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025779$850pw3.16%
2024772$803pw3.14%
2023835$787pw2.95%
20221107$708pw2.69%
20211099$636pw2.28%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.