Gardenvale is a small community in Victoria within the Glen Eira local government area (postcode 3185). With a population of 1,019, the suburb has an established demographic with a median age of 39. Households earn a median income of $89K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Gardenvale is $1.8 million, having dropped significantly 21.3% over the past year. Units have a median price of $581,000 (+34.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,953.
Public transport access includes 9 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Gardenvale offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.8M/$875K), placing it in the premium segment. The price-to-income ratio of 20.4x is considered stretched. House prices have moved -21.3% year-on-year.
Gardenvale is a small community in Victoria within the Glen Eira local government area (postcode 3185). With a population of 1,019, the suburb has an established demographic with a median age of 39. Households earn a median income of $89K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Gardenvale is $1.8 million, having dropped significantly 21.3% over the past year. Units have a median price of $581,000 (+34.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,953.
Public transport access includes 9 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Gardenvale offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.8M/$875K), placing it in the premium segment. The price-to-income ratio of 20.4x is considered stretched. House prices have moved -21.3% year-on-year.