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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 5.25% growth over a ten-year period. It ranks 1506th 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 21.54% for the past year, which is higher than average compared to its 31.67% growth within a five-year period.
With the median home price in GREENVALE sitting at $711,000, and the average rent at $445, 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 21.54% 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 69th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $711,000 | $463,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.14% | N/A |
| Median 12 month | 21.54% | 15.44% |
| Median 3 years | 36.73% | 18.85% |
| Median 5 years | 31.67% | N/A |
| 10 years average annual | 5.25% | 3.18% |
| Weekly media advert. rent | $445 | $370 |
| Time on Market | 56.6 days | 0.0 days |
| Gross Rental Yield Percent | 3.25% | 4.15% |
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