Suburb Profile Report for Greenvale VIC (3059)

Greenvale House: Median price $715,000, Annual capital growth 5.30%, Number of sales 231, Weekly median advertised rent $450

Greenvale Unit: Median price $476,000, Annual capital growth 3.89%, Number of sales 11, Weekly median advertised rent $370

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

Greenvale is in the TOP 20% in VIC when comparing median price capital growth over the last year. Greenvale gave property investors a very good capital gain figure when compared to the rest of the state, with 20.17%.

When looking at the potential capital gains offered to property investors over the last 3 years, Greenvale comes in at number 228th in VIC.

The most recent median price for Greenvale is $715000, with sellers offering an average of -4.14% off the asking price.

The VIC suburb of Greenvale, 3059 is in the Hume local government area.

Greenvale is in the TOP 20% in VIC when comparing median price capital growth over the last year. Greenvale gave property investors a very good capital gain figure when compared to the rest of the state, with 18.11%.

While Greenvale,3059 ranked number 152th in VIC for increase in median house value (annualised) increase, it is ranked 344th over the last 5 years.

With the median price for a house in Greenvale being $476000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.04%

Metrics i HOUSE UNIT
$715,000 $476,000
0.70% 0.85%
20.17% 18.11%
5.30% 3.89%
$450 $370
231 11
3.27% 4.04%
54.33 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 11968
Median household income ($/weekly) 1729
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 3.5
  • Census Count Percent(%)
    5-14 years 1889 15.8
    15-19 years 1205 10.1
    35-44 years 1757 14.7
    45-54 years 2171 18.1
    55-64 years 1347 11.3
    Others 3599 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 5487 60.2
    Not Married 3325 36.5
    Defacto Relationship 308 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8037 69.1
    Ireland 290 2.5
    Japan 739 6.4
    Turkey 352 3.0
    Other 567 4.9
    Others 1639 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 170 1.5
    Christianity 8981 78.1
    Hinduism 126 1.1
    Islam 1396 12.1
    No Religion 801 7.0
    Others 29 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 241 8.2
    $1,250-$1,499 273 9.3
    $1,500-$1,999 496 16.9
    $2,000-$2,499 371 12.6
    $2,500-$2,999 322 11.0
    Others 1233 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3862 41.8
    Not in the labour force 2798 30.3
    Employed, worked part-time 1927 20.8
    Employed, away from work 394 4.3
    Unemployed, looking for work 265 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 870 14.1
    Professionals 905 14.6
    Technicians & trades workers 1006 16.3
    Clerical & administrative workers 1120 18.1
    Sales 809 13.1
    Others 1475 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 199 5.8
    Infants/Primary 1128 32.9
    Secondary 1221 35.6
    Technical or Further Educational Institution 260 7.6
    University or other Tertiary Institutions 538 15.7
    Others 79 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11457 97.8
    Semi-detached, row or terrace house, townhouse 208 1.8
    Flat, unit or apartment 51 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1703 51.4
    Fully owned 1406 42.4
    Rented 192 5.8
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals