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 5.42% growth over a ten-year period. It ranks 1421st 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 29.77% for the past year, which is higher than average compared to its 30.37% growth within a five-year period.
With the median home price in GREENVALE sitting at $704,000, and the average rent at $440, property owners could potentially earn a 3.25% 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.
A 29.77% increase in median property prices in GREENVALE, 3059 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 25th.
Homeowners and real estate investors betting on GREENVALE, 3059 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.96%.
Property investors enjoyed capital gains of 11.96% over the last 12 months in GREENVALE, translating to lower returns compared with its peers in VIC.
GREENVALE, 3059 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 $463,500.
Profits due to an upward trend in home prices in GREENVALE, 3059 averaged 5.39% per annum over a 3-year period.
Home owners selling their properties and realtors in GREENVALE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $360 mark, reflecting a 4.04% increase in returns based on the current median price in GREENVALE.
GREENVALE, 3059 places 65th in Australia based on median property value growth during the quarter.