Greenvale is a large suburb in Victoria within the Hume local government area (postcode 3059). With a population of 21,274, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $118K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Italian, Australian, English.
The median house price in Greenvale is $870,000, having increased 3.6% over the past year. Units have a median price of $600,000 (+1.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Greenvale is served by 7 schools, including 4 primary, 2 secondary, 1 combined. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 78 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Greenvale offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($870K/$875K). The price-to-income ratio of 7.4x is considered moderate. House prices have moved +3.6% year-on-year.
Greenvale is a large suburb in Victoria within the Hume local government area (postcode 3059). With a population of 21,274, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $118K per year, with an average household size of 3.2 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Italian, Australian, English.
The median house price in Greenvale is $870,000, having increased 3.6% over the past year. Units have a median price of $600,000 (+1.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Greenvale is served by 7 schools, including 4 primary, 2 secondary, 1 combined. The average ICSEA score is 1039, which is around the national average of 1,000. Public transport access includes 78 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Greenvale offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($870K/$875K). The price-to-income ratio of 7.4x is considered moderate. House prices have moved +3.6% year-on-year.