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Greenvale, VIC 3059
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$895,000
market range $825K-$1.1M
Median Unit
$660,000
market range $625K-$800K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+5.7%
market range -2.5% to +20.0%
Investment snapshot for Greenvale
Greenvale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Greenvale market and investor summary
Greenvale (VIC 3059) runs a median house price of $895K, with houses yielding a gross 3.8%. House prices have moved +5.7% over the past year. At 2.7% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet.
Living in Greenvale: people, income and schools
Greenvale has a resident population of roughly 21,274, and the area has been growing steadily, up about 26% over five years. The median age is 35, broadly working-age, and 91% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $118,000 a year, or roughly $2,260 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
There are 18 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 21 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 97 for walkability and 19 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 21,274
- +26% over 5yr
- Median age
- 35 years
- Median household income
- $118,000/yr
- Households renting
- 9%
- Family households
- 59%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 18
- avg ICSEA 1081
- Unemployment
- 3.7%
- Distance to CBD
- 21 km
- Walk score
- 97/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Greenvale
View all →Frequently asked questions about Greenvale
What should I check before investing in Greenvale?
Greenvale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +5.7% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Greenvale?
The median property price in Greenvale, VIC 3059 is $895K for houses and $660K for units.
What rental yield does Greenvale show?
The gross rental yield in Greenvale is 3.8% for houses and 4.6% 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 Greenvale?
House prices in Greenvale are up 5.7% over the past year. 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 Greenvale?
The current vacancy rate in Greenvale is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Greenvale?
Greenvale has a population of approximately 21,274 residents, with a median age of 35.
What schools are near Greenvale?
There are 18 schools within roughly 5km of Greenvale. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Greenvale affordable to buy in?
A median house in Greenvale costs about 7.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Greenvale's population growing?
The population of Greenvale has grown about 26% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Greenvale from the CBD?
Greenvale is about 21 km from the CBD.
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