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Gardenvale, VIC 3185
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,045,000
list-price estimate
Median Unit
$480,000
market range $375K-$800K
Gross Yield (houses)
2.3%
1yr Growth (houses)
-0.8%
market range -7.5% to +20.0%
Investment snapshot for Gardenvale
Gardenvale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Gardenvale market and investor summary
In Gardenvale, VIC 3185, houses show a gross rental yield of 2.3%. House prices have moved -0.8% over the past year and -7.4% over three years. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Gardenvale: people, income and schools
Gardenvale is home to around 1,019 people, a number that has held fairly steady over five years. The median age is 39, broadly working-age.
Households here earn a median of about $89,000 a year, or roughly $1,710 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 81 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 9.9 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 73 for walkability and 85 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 1,019
- +2% over 5yr
- Median age
- 39 years
- Median household income
- $89,000/yr
- Households renting
- 48%
- Family households
- 40%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 81
- avg ICSEA 1129
- Unemployment
- 3.8%
- Distance to CBD
- 9.9 km
- Walk score
- 73/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Gardenvale
No properties currently listed in Gardenvale
Search Gardenvale listings →Frequently asked questions about Gardenvale
What should I check before investing in Gardenvale?
Gardenvale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Tight rental market (0.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Gardenvale?
The median property price in Gardenvale, VIC 3185 is $480K for units.
What rental yield does Gardenvale show?
The gross rental yield in Gardenvale is 2.3% for houses and 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Gardenvale?
House prices in Gardenvale are down 0.8% over the past year and down 7.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Gardenvale?
The current vacancy rate in Gardenvale is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Gardenvale?
Gardenvale has a population of approximately 1,019 residents, with a median age of 39.
What schools are near Gardenvale?
There are 81 schools within roughly 5km of Gardenvale. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Gardenvale's population growing?
The population of Gardenvale has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Gardenvale from the CBD?
Gardenvale is about 9.9 km from the CBD.
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