Gladstone Park

POSTAL CODE: VIC, 3043
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $802,000.

The upward trend in home prices in GLADSTONE PARK, 3043 averaged 3.54% per annum over a 3-year period.

Average weekly rents on listings have reached the $575 mark, reflecting a 3.73% increase in returns based on the current median price in GLADSTONE PARK.

An average of 11.75 real estate transactions take place per month in GLADSTONE PARK which translates to 141 per annum.

141 properties were sold in GLADSTONE PARK in 2016, making it the 593rd most active market in VIC based on total real estate transactions.

GLADSTONE PARK, 3043 places 143rd in Australia based on median property value growth during the quarter.

Surburb overview

Gladstone Park is a suburb within the City of Hume, approximately 15 kilometres north-west of Melbourne's Central Business District. According to the 2021 census, it has a population of 8,213 residents.

The suburb's demographic profile reveals a diverse community. A significant portion of the population, 61.5%, was born in Australia, with notable communities from Syria, Italy, India, Lebanon, and Sri Lanka. Common ancestries include Australian, English, Italian, Irish, and Lebanese.

Public transportation in Gladstone Park includes several bus routes connecting to neighbouring suburbs and critical destinations. The suburb’s location near the Tullamarine Freeway and Western Ring Road allows motorists easy access to the broader Melbourne area.

Gladstone Park is well-equipped with essential amenities. The Gladstone Park Shopping Centre features retail stores and dining options, including major retailers like Woolworths and ALDI. Several local clinics offer healthcare services, while schools such as Gladstone Park Primary School and Gladstone Park Secondary College cater to educational needs.

Recreational options are abundant in the area. Parks and reserves are spread across the suburb, offering spaces for sports and outdoor activities. The Moonee Ponds Creek Trail provides cycling and walking routes, while Broadmeadows Valley Park nearby adds to the leisure facilities available for residents.

Community services, transport links, and recreational amenities contribute to Gladstone Park's appeal as a residential suburb.

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