Greenvale

POSTAL CODE: VIC, 3059
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Based on its average 5-year and quarterly capital gains GREENVALE, 3059 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that GREENVALE, 3059 obtained a 6.17% growth over a ten-year period. It ranks 2564th on our list of suburbs that property investors should look into.

GREENVALE, 3059 in VIC belongs to the local government area of Hume.

GREENVALE, 3059 has a capital gain of 0.03% for the past year, which is lower than average compared to its 19.9% growth within a five-year period.

With the median home price in GREENVALE sitting at $875,250, and the average rent at $640, property owners could potentially earn a 3.8% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GREENVALE are low, as opposed to average gains per annum over the past five years.

Surburb overview

Greenvale is a suburb of the City of Hume, Victoria, approximately 20 kilometres north of Melbourne's Central Business District. As of the 2021 census, it had 21,274 residents.

A diverse demographic profile characterises the suburb. A significant portion of the population reports Italian ancestry (19.9%), followed by Australian (13.9%), English (11.5%), Turkish (5.9%), and Greek (3.9%). Approximately 65% of residents were born in Australia, with notable communities from Italy (4.5%), Iraq (3.1%), and Turkey (2.9%). Languages commonly spoken at home include English (52.8%), Italian (9%), Turkish (7.1%), and Arabic (6.7%).

Public transportation options in Greenvale include bus services that connect residents to nearby train stations. The 484 bus route links Broadmeadows station to Roxburgh Park station via Greenvale, while the 543 route connects Greenvale Gardens to Roxburgh Park station through the Greenvale Village Shopping Centre. The nearest train stations are Roxburgh Park and Broadmeadows, situated on the Craigieburn line, facilitating access to Melbourne's city centre.

Greenvale's essential amenities include two shopping centres, which provide supermarkets and various retail outlets to meet daily needs. The suburb also offers educational institutions for primary and secondary students, including Greenvale Primary School, Keelonith Primary School, and Aitken College.

Recreational opportunities are abundant, and numerous parks and green spaces contribute to the suburb's appeal. Woodlands Historical Park is a native animal sanctuary and offers public walking areas featuring historical sites from early settlements. The Greenvale Reservoir Park provides additional outdoor activities, including picnicking and walking trails. Sports enthusiasts can engage with local clubs such as the Greenvale Football Club and Greenvale United Soccer Club, which offer Australian rules football and soccer programs, respectively.

In terms of housing, Greenvale presents a mix of older, established residences and newer developments. The suburb has experienced significant growth, with its population nearly doubling over a decade. Despite this expansion, Greenvale maintains a balance between urban amenities and open spaces, contributing to its reputation as a family-friendly area.

Greenvale offers a blend of cultural diversity, accessible services, and recreational facilities, making it a notable suburb within Melbourne's northern corridor.

 

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