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Gardenvale

POSTAL CODE: VIC, 3185
UNIT

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

Real estate investors could earn a rental income of $422.5 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $422.5 mark, reflecting a 1.83% increase in returns based on the current median price in GARDENVALE.

GARDENVALE, 3185 ranks th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

GARDENVALE ranks 398th on the list of best yielding suburbs for rental properties in VIC, posting a 1.83% return.

Surburb overview

Gardenvale is a small residential suburb in Melbourne’s south-eastern suburbs, located approximately 9 kilometres south-east of the Melbourne central business district. 

The suburb is bounded by Nepean Highway to the west, North Road to the north, and the Elwood Canal to the south, placing it between Brighton East, Elsternwick and Bentleigh. 

Gardenvale forms part of the City of Glen Eira local government area and is characterised by low-rise housing, tree-lined streets and compact residential blocks.

According to the most recent census data, Gardenvale has a modest population relative to surrounding suburbs, with a demographic profile that includes a mix of families, professionals and older residents.

Households are predominantly owner-occupied, and the suburb has a higher proportion of medium-density dwellings compared with detached housing, reflecting its limited land area.
The median age of residents is broadly aligned with the inner south-east Melbourne average.

Public transport access is a defining feature of Gardenvale. Gardenvale railway station sits on the Sandringham line, providing direct services to Flinders Street Station and enabling weekday travel times of around 25 minutes to the city. 

Several bus routes operate along North Road and nearby arterial roads, connecting residents to neighbouring activity centres, schools and shopping precincts.

Local amenities within Gardenvale itself are limited but easily supplemented by nearby centres. Residents are close to shopping and dining options in Elsternwick, Brighton and Bentleigh, including supermarkets, cafés and medical services.

Educational facilities in surrounding suburbs include primary and secondary schools, both government and non-government, within short driving or public transport distance.

Recreational opportunities are supported by proximity to parklands and coastal areas. Elsternwick Park, Gardenvale Park and the Bay Trail along Port Phillip Bay are accessible for walking, cycling and organised sport. The suburb’s location offers convenient access to beaches, golf courses and community facilities across Melbourne’s inner south-east.

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