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All About Greenvale, Hume, VIC, 3059

Greenvale, located within the City of Hume in Victoria, has become an increasingly sought-after area in the Melbourne metropolitan region. Over the past few years, the housing market in Greenvale has shown significant growth, reflecting both its appeal and the overall property trends in the broader Melbourne area. Homebuyers are drawn to Greenvale for its blend of suburban tranquility and accessibility to city amenities, making it an attractive option for families and professionals alike. The area features a mix of modern developments and established properties, offering diverse choices to suit different preferences and budgets. While house prices have seen an upward trend, they remain relatively competitive compared to other suburban areas closer to Melbourne’s CBD, which makes it a viable option for those looking to balance lifestyle and affordability.

Living in Greenvale offers a comfortable and family-friendly environment, characterized by its spacious residential areas, lush parks, and a strong sense of community. The suburb provides ample amenities, including schools, shopping centers, and recreational facilities, contributing to its reputation as a convenient and vibrant place to reside. Greenvale's residents benefit from the area's proximity to major road networks, which facilitate easy commutes to the city and surrounding regions. The suburban setting allows for a peaceful lifestyle, with numerous parks and green spaces enhancing the quality of life and providing venues for outdoor activities. Moreover, the community spirit in Greenvale is bolstered by local events and activities, fostering a connected and welcoming atmosphere for both long-term residents and newcomers.

Household Makeup

Median Weekly Rent $426.75
Median Monthly Mortgage $2073.23
Median Persons Per bed houseroom 0.86
Average Household Size 3.33
Average Age 36.62
Average Income $759.40
Average Cars Per Dwelling 2.32
Average Properties Within 50M 11
Typical 1 bed house$837,000
Typical 2 bed house$804,000
Typical 3 bed house$1,063,000
Typical 4 bed house$1,308,000
Typical 5 bed house$1,751,000
Typical 6 bed+ house$2,286,000

Housing Stock

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Greenvale Real Estate Market Outlook

Thinking about buying in Greenvale? Now could not be a better time, with 9874 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,106,000 with prices in this suburb ranging from $363,000 to $30,850,000. The aproximate distance to the coast is 16 Km.

In Greenvale there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Greenvale is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Greenvale changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Greenvale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Greenvale we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Greenvale a better buying opportunity than it may have been in the past.

Instant Property Valuation

Houses for sale Greenvale

RayWhite 10 Geranium Ct, Greenvale, QLD, 4816 Beds3 Bathrooms1 Parking 2 $160,000 Neg
Properties for sale in Greenvale

Local Schools

Greenvale Primary School

Kolbe Catholic College

St Carlo Borromeo School

Aitken College

Roxburgh Homestead Primary School

Roxburgh Rise Primary School

Bethal Primary School

Meadow Heights Primary School

Roxburgh College

Westmeadows Primary School

(While the above schools are located with the suburb of Greenvale there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Greenvale weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan7.122.232.548.692.23.322.0
Mar4.120.631.149.6952.722.9
Apr3.318.628.653.796.22.216.8
May1.713.426.146.095.42.416.7
Jul0.212.526.639.393.82.616.8
Aug0.213.326.636.691.6318.4
Sept0.216.027.839.888.83.820.8
Nov0.72030.148.190.9424.3
Dec0.921.633.639.089.83.425.8

source: Australian Government Bureau of Meteorology




General Points of Interest


Nearby Suburbs

AttwoodMeadow HeightsRoxburgh ParkWestmeadowsCoolarooMelbourne AirportGladstone ParkDallasOaklands JunctionJacana

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