Glen Iris Property Market Overview (2026)
Glen Iris sits in the premium inner suburb market. Property here commands a premium because the amenity density justifies it — 90 dining venues, 10 schools, and 25 parks within the suburb boundaries.
Population: 26,131 (ABS Census 2021)
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $1.4M–$2.2M | $5,600–$8,800 |
| Unit/Apartment | $650K–$950K | $2,600–$3,800 |
Estimates based on Glen Iris’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Glen Iris
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Glen Iris stacks up:
| Amenity Factor | Glen Iris | Impact on Value |
|---|---|---|
| Schools | 10 | Strong — school zones drive family demand |
| Parks | 25 | High — green space is a premium driver |
| Dining & Cafes | 90 | High — walkable lifestyle premium |
| Medical | 16 | Strong — healthcare proximity matters |
| Supermarkets | 6 | Convenient |
| Gyms & Fitness | 11 | Active lifestyle suburb |
Total amenity score: 179 verified businesses. This puts Glen Iris in the top tier for amenity density, which directly supports premium pricing.
Schools (Key Value Driver)
Glen Iris has 10 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Sacré Cœur School | 172-176 Burke Road |
| Korowa Anglican Girls’ School | 10-16 Ranfurlie Crescent |
| Ashburton Primary School | 10A Fakenham Road |
| Caulfield Grammar School Malvern Campus | 5-15 Willoby Avenue |
| Glen Iris Primary School | 170 Glen Iris Road |
| Camberwell South Primary School | 4 Peate Avenue |
| St Michael’s School | 268 High Street |
| Hartwell Primary School | 4 Merton Street |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $420–$550 |
| 2 Bedroom | $580–$750 |
| 3 Bedroom | $750–$1,100 |
Rental yield estimate: 3.0–3.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Glen Iris
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Glen Iris are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Glen Iris Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Glen Iris
- Best Cafes in Glen Iris
- Best Bars in Glen Iris
- Cost of Living in Glen Iris
- Glen Iris Neighbourhood Guide
- Family Guide to Glen Iris
- Is Glen Iris Safe?
- Glen Iris Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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