Suburb Profile Report for Gardenvale VIC (3185)

Gardenvale Unit: Median price $393,000, Annual capital growth 6.33%, Number of sales 13, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Property investors who have had real estate in Gardenvale, 3185 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 24.76%

Over the longer term, Gardenvale has seen property prices show investors a -14.94% return over the last 3 years. This is an improvement over the last 12 months

With the median price for a house in Gardenvale being $393000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 3.90%

YIP MAG Information supplied by:

YIP MAG
March 2016

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While Melbourne has recently been performing strongly, suburbs like Gardenvale show there are still some bargains to be found by investors who do a bit of lookingFull summary While Melbourne has recently been performing strongly, suburbs like Gardenvale show there are still some bargains to be found by investors who do a bit of looking.

The median unit price in the southeastern suburb currently sits at $315,000 and soon could become even more affordable if recent trends are anything to go by.

Over the past five years the median has fallen by 11%, and it is down 37% over the past 12 months.

While units in Gardenvale aren’t currently offering the best returns in terms of capital growth, the suburb provides a respectable rental yield of 5%.

Gardenvale’s location also means landlords will likely find it relatively easy to find tenants.

The suburb is only 10km from the Melbourne CBD, which is easy to access from the Gardenvale train station.

The nearby suburbs of Brighton and Caulfield South offer a range of primary and secondary schools, while the famous Caulfield Racecourse is also in the area.Close
HOUSE UNIT
N/A $393,000
N/A 27.18%
N/A 24.76%
N/A 6.33%
N/A $295
N/A 13
N/A 3.90%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 971
Median household income ($/weekly) 1292
Median age of persons 37
Median housing loan repayment ($/monthly) 2500
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 101 10.4
    25-34 years 214 22.1
    35-44 years 154 15.9
    45-54 years 130 13.4
    55-64 years 116 12.0
    Others 254 26.2
    Age Group
    Census Count Percent(%)
    Not Married 331 45.5
    Registered Married 312 42.9
    Defacto Relationship 85 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 608 65.7
    Croatia 18 1.9
    Indonesia 42 4.5
    United Kingdom 49 5.3
    Other 88 9.5
    Others 121 13.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 2.4
    Christianity 466 53.1
    Hinduism 43 4.9
    Judaism 82 9.4
    No Religion 259 29.5
    Others 6 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 46 11.5
    $800-$999 43 10.8
    $1,000-$1,249 39 9.8
    $1,500-$1,999 40 10.0
    $2,500-$2,999 41 10.3
    Others 191 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 374 48.6
    Not in the labour force 182 23.6
    Employed, worked part-time 161 20.9
    Unemployed, looking for work 27 3.5
    Employed, away from work 26 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 87 15.4
    Professionals 191 33.8
    Community & personal service workers 54 9.6
    Clerical & administrative workers 89 15.8
    Sales 54 9.6
    Others 90 15.9
    Occupation
    Census Count Percent(%)
    Pre-school 15 6.9
    Infants/Primary 80 36.7
    Secondary 33 15.1
    Technical or Further Educational Institution 14 6.4
    University or other Tertiary Institutions 62 28.4
    Others 14 6.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 477 53.4
    Flat, unit or apartment 309 34.6
    Semi-detached, row or terrace house, townhouse 107 12.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 212 50.0
    Being purchased 108 25.5
    Fully owned 104 24.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals