Giving property investors a a solid capital gain of 19.81% for the last year, Greenvale, 3059 is the 507th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Greenvale has given property investors a paper return of 6.63%. This puts Suburb as 92 on a list of fastest fasting appreciating suburbs in VIC
On average over the past year, suburb has had 22.75 sales per month, which equates to 273 per year.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 4.52%.
If you compare the increase in value of investment property in Greenvale, 3059 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.79%.
Across a shorter period, Greenvale, 3059 has seen a median price increase of 9.18% over the last quarter.
Greenvale, 3059’s gross rental yield is 3.96%