Thinking about buying in Gardenvale? Now could not be a better time, with 686 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,757,000 with prices in this suburb ranging from $270,000 to $5,975,000. Gardenvale is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $523.25 |
Median Monthly Mortgage | $2962.75 |
Median Persons Per Bedroom | 0.85 |
Average Household Size | 2.50 |
Average Age | 42.50 |
Average Income | $1166.25 |
Average Cars Per Dwelling | 1.62 |
Average Properties Within 50M | 30 |
1 Bed  $2,346,000 |
2 Bed  $1,675,000 |
3 Bed  $2,482,000 |
4 Bed  $3,338,000 |
5 Bed  $3,161,000 |
6 Bed+$1,985,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Gardenvale ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Gardenvale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Gardenvale to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
FLAT 10, 48 MAGNOLIA RD, GARDENVALE, VIC, 3185 | 1 | 1 | 1 | $289,000 |
Leibler Yavneh College
Gardenvale Primary School
St James' School
Star of the Sea College
Japanese School of Melbourne
Elsternwick Primary School
Firbank Grammar School
Caulfield Primary School
Adass Israel School
Brighton Primary School
(While the above schools are located with the suburb of Gardenvale there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
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