Median priceⓘLast 12 months
609kk
↑ +50.0% YoY
Greenvale, VIC 3059
Property data updated ·21,274 residents
Last 12 months snapshot
495 sales · 399 leases · Refreshed July 2026
Greenvale property market
Greenvale's busiest market is house sales, with 474 sales (up 19.7%) at around $889k (up 3.6%) as of July 2026, taking about 28 days to sell (up from 27 days last year), among Victoria's most in-demand house markets, with more than half being 4-bedroom.
House rentals follow closely, with 376 leases (up 12.6%) at $640 a week (down 0.8%), renting out in about 25 days (down from 28 days last year), with rents weaker than most house rental markets, with 4-bedroom homes making up around two-thirds. Followed by 23 unit rentals at $575 a week (one of the country's least in-demand unit rental markets). 21 unit sales at around $613k.
High-incomeFamily-focusedMortgage-beltStrongly multicultural
Who lives hereA high-income, mortgage-belt, family-oriented suburb — strongly multicultural.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census · ABS 2021
Greenvale demographics & population
Population
21,274
Median age
35yrs
Avg household
3.2people
Male · Female
50% · 50%
Owner-occupied
50%
Renting
50%
Lone person
50%
Couples, no kids
50%
Born overseas
50%
Year 12+ⓘ
50%
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Census · ABS 2021
Who lives in Greenvale?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Age & sex12,064 residentsMaleFemale
Share of all residents by 5-year band · hover a band for the count + split
Life stage
50%
50%
50%
50%
50%
50%
Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%
Household composition
50%
50%
50%
50%
50%
Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%
2.4 people / household0.6 persons / bedroom50% are 5+ person
Household sizepersons per dwelling
50%1
50%2
50%3
50%4
50%5
50%6+
Cultural make-upshare of residents · diversity = odds two differ
Born overseasⓘResidents born outside Australia, as a share of those who stated a birthplace.50%
Other language at homeⓘResidents who mainly speak a language other than English at home — counts the language used, not how well English is spoken.50%
Limited EnglishⓘResidents who speak English “not well” or “not at all”. A language-barrier measure, not bilingualism — many who speak another language at home still speak English well.50%
Both parents overseasⓘResidents whose mother and father were both born overseas — the Australian-born-to-migrants “second generation”, distinct from being born overseas yourself.50%
Australian citizensⓘResidents who are Australian citizens — both Australian-born and people who have since naturalised.50%
Birthplace diversity39%
Chance two random residents were born in different countries
Language diversity39%
Chance two random residents speak different languages at home
Religious diversity49%
Chance two random residents follow different religions
Where residents were borntop birthplaces
Afghanistan50%
Australia50%
Bangladesh50%
Bosnia & Herzegovina50%
Brazil50%
Cambodia50%
Canada50%
Chile50%
Languages at hometop languages
English only50%
Afrikaans50%
Arabic50%
Australian Indigenous50%
Cantonese50%
Mandarin50%
Other Chinese50%
Croatian50%
Ancestry% reporting · multi-response
Australian50%
Aboriginal/Torres Strait Islander50%
Chinese50%
Croatian50%
Dutch50%
English50%
Faith & belieftap Christianity
No religion50%
▸Christianity50%
Islam50%
Buddhism50%
Hinduism50%
Judaism50%
Other religions50%
Family originsparents’ birthplace
50%
50%
50%
Both parents overseas50%One parent overseas50%Both parents in Australia50%
A strongly multicultural community with deep migrant heritage.
When migrants arrivedshare of overseas-born
Before 198150%
1981-200050%
2001-201050%
2011-201550%
2016-202150%
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Housing & affordability in Greenvale
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Affordability at a glance
LowMedianHighPercentile
Median weekly rentⓘMiddle weekly rent paid by renting households.Top 41%Median weekly rent · $230/wk — typical: right around the median for Aussie suburbs.
Median monthly mortgageⓘMiddle monthly mortgage repayment among households with a mortgage.Bottom 48%Median monthly mortgage · $1,331/mo — typical: right around the median for Aussie suburbs.
Rent stress (rent ÷ income)ⓘMedian weekly rent as a share of median weekly household income — a rough rental-affordability gauge. Higher = rent takes a bigger bite.Top 50%Rent stress · 50% — typical: right around the median for Aussie suburbs.
Mortgage stress (repay ÷ income)ⓘMedian mortgage repayment (converted to weekly) as a share of median weekly household income. Higher = repayments take a bigger bite.Top 50%Mortgage stress · 50% — typical: right around the median for Aussie suburbs.
High mortgage (≥$3k/mo)ⓘMortgaged households repaying $3,000 or more per month.Top 50%High mortgage · 50% — typical: right around the median for Aussie suburbs.
Social housingⓘHouseholds renting from a state housing authority or community housing provider.Top 50%Social housing · 50% — typical: right around the median for Aussie suburbs.
Unoccupied on census nightⓘDwellings recorded as unoccupied on Census night — holiday homes, between-tenant rentals, etc.Top 50%Unoccupied on census night · 50% — typical: right around the median for Aussie suburbs.
Large dwellings (4+ bed)ⓘOccupied dwellings with 4 or more bedrooms.Top 50%Large dwellings · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Bedrooms per dwellingshare of dwellings
50%0
50%1
50%2
50%3
50%4
50%5
50%6+
Who owns vs rentsoccupied dwellings
50%
50%
50%
50%
Owned outright50%Mortgage50%Renting50%Other50%
What’s built heredwelling types
50%
50%
50%
50%
House50%Townhouse50%Apartment50%Other50%
50% separate houses50% apartments50% high-rise
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Income & employment in Greenvale
Incomes, employment, and the occupation mix of the people who live here.
Income & work at a glance
LowMedianHighPercentile
Median personal incomeⓘMiddle weekly income of individuals aged 15+.Top 50%Median personal income · $435/wk — typical: right around the median for Aussie suburbs.
Median family incomeⓘMiddle weekly income of families.Bottom 43%Median family income · $1,280/wk — typical: right around the median for Aussie suburbs.
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
High earners (≥$2k/wk)ⓘResidents earning $2,000 or more per week.Top 50%High earners · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Occupations
LowMedianHighPercentile
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
Clerical & adminⓘEmployed residents in clerical and administrative jobs.Top 50%Clerical & admin · 50% — typical: right around the median for Aussie suburbs.
Community & personal serviceⓘEmployed residents in community and personal-service jobs — care, hospitality, security and similar.Top 50%Community & personal service · 50% — typical: right around the median for Aussie suburbs.
Sales workersⓘEmployed residents in sales jobs.Top 50%Sales workers · 50% — typical: right around the median for Aussie suburbs.
Technicians, trades & labourersⓘEmployed residents in technical/trade, machinery-operating and labouring jobs.Top 50%Technicians, trades & labourers · 50% — typical: right around the median for Aussie suburbs.
Household incomeheight = share of households · weekly
Personal incomeheight = share of residents 15+ · weekly
A typical household pulls in about 4.1× the typical individual — a multi-earner area.
Labour forceemployment status · residents 15+
50%
50%
50%
50%
50%
Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%
LowMedianHighPercentile
Full-time workersⓘResidents in the labour force who are employed full-time.Top 50%Full-time workers · 50% — typical: right around the median for Aussie suburbs.
Part-time workersⓘEmployed residents working part-time, of all employed.Top 50%Part-time workers · 50% — typical: right around the median for Aussie suburbs.
Unemployment rateⓘShare of the labour force (people working or actively looking) who are unemployed — not a share of all residents.Top 50%Unemployment rate · 50% — typical: right around the median for Aussie suburbs.
Not in labour forceⓘResidents 15+ neither working nor looking for work — retirees, students, carers.Top 50%Not in labour force · 50% — typical: right around the median for Aussie suburbs.
Labour-force participationⓘResidents 15+ who are in the labour force — working or looking for work.Top 50%Labour-force participation · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Getting around Greenvale
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Transport at a glance
LowMedianHighPercentile
Public transport to workⓘCommuters who travelled to work by train, bus, ferry or tram, of those who travelled.Top 50%Public transport to work · 50% — typical: right around the median for Aussie suburbs.
Walked or cycled to workⓘCommuters who walked or cycled to work, of those who travelled.Top 50%Walked or cycled to work · 50% — typical: right around the median for Aussie suburbs.
Worked from homeⓘEmployed residents who worked from home in the Census week — elevated by COVID in 2021.Top 50%Worked from home · 50% — typical: right around the median for Aussie suburbs.
No motor vehicleⓘHouseholds with no motor vehicle.Top 50%No motor vehicle · 50% — typical: right around the median for Aussie suburbs.
Vehicles per dwellingⓘAverage number of motor vehicles per household.Bottom 14%Vehicles per dwelling · 1.00 — well below average: in the bottom 14%, fewer vehicles per home than 86% of Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Journey to workamong commuters · top modes
Car (driver)50%
Car (passenger)50%
Train50%
Bus50%
Tram/light rail50%
Ferry50%
Walked50%
Vehicles per dwellingshare of households
50%0
50%1
50%2
50%3
50%4+
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Greenvale
7 schools inside Greenvale, plus the closest options around it. Families can choose from 5 primary schools in Greenvale and its surrounds, and 3 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
Within Greenvale7schools in the suburb itself
Primary schools5within 5 km · nearest in suburb
Secondary schools3within 5 km · nearest in suburb
Median ICSEA rank50thenrolment-weighted
What is ICSEA Rank?
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Nearby within7 schools
- Within Greenvale · 7Order by
- 1Aitken CollegeIndependent · Combined · Co-ed · Years Prep-12 · Within suburbState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students469Multilingual50%ICSEA Rank50th
- 2Mary Queen of Heaven Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
- 3Greenvale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
- 4Keelonith Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
- 5Greenvale Secondary CollegeGovernment · Secondary · Co-ed · Years 7-10 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
- 6St Carlo Borromeo SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
- 7Kolbe Catholic CollegeCatholic · Secondary · Co-ed · Years 7-12 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
GovernmentCatholicIndependent
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Census · ABS 2021
Turnover
How settled or transient the community is — and where newcomers came from.
Settledness at a glance
LowMedianHighPercentile
Settled 5+ yearsⓘResidents living at the same address as five years ago — how settled the community is.Top 50%Settled 5+ years · 50% — typical: right around the median for Aussie suburbs.
Moved in past yearⓘResidents living at a different address one year earlier.Top 50%Moved in past year · 50% — typical: right around the median for Aussie suburbs.
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.Top 50%Arrived from overseas · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Where residents lived 5 years agoof those who stated
50%
50%
50%
50%
Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%
Residential paceshare of residents
Moved in the past yearⓘResidents living at a different address one year earlier.50%
Moved in the past 5 yearsⓘResidents not living at the same address as five years ago.50%
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.50%
Property market
Market snapshot
Greenvale median house price & rent
Headline price, rent, yield and time on market for Greenvale — choose a property type and size below.
Active segment
Houses
Units
Days on marketⓘLast 12 months
28
↓ 8 days YoY
SoldⓘLast 12 months
69
↑ +50.0% YoY
Months of supplyⓘLast 12 months
7.3mo
Median rentⓘLast 12 months
$394/w
↑ +0.5% YoY
Days to leaseⓘLast 12 months
15
↑ 1 day YoY
LeasedⓘLast 12 months
71
↑ +50.0% YoY
Gross yieldⓘLast 12 months
3.17%
Annualised
Data confidenceSales sample66StrongLease sample67Strong
Segment breakdown
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Demand percentile 0–100 · last 12 months12-mo change
Sales
Rental
Demand
Segment
Sold
Price
DOM
Leased
Rent
DOM
Yield
SalesRent
01
Houses · 2 bed66 sales · 67 leases
Sold69▲+50.0%
Price$609k▲+50.0%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk▲+50.0%
Rental DOM15 days−1d
3.17%
Sales50/100
Rent50/100
02
Houses · 3 bed66 sales · 67 leases
Sold69▲+50.0%
Price$609k▲+50.0%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk▲+50.0%
Rental DOM15 days−1d
3.17%
Sales50/100
Rent50/100
03
Houses · 4 bed66 sales · 67 leases
Sold69▲+50.0%
Price$609k+0.5%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk+0.5%
Rental DOM15 days−1d
3.17%
Sales50/100
Rent50/100
04
Units · 2 bed66 sales · 67 leases
Sold69+0.5%
Price$609k▲+50.0%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk▲+50.0%
Rental DOM15 days−1d
3.17%
Sales—
Rent—
05
Units · 3 bed66 sales · 67 leases
Sold69▲+50.0%
Price$609k▲+50.0%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk▲+50.0%
Rental DOM15 days−1d
3.17%
Sales—
Rent—
06
Units · 1 bed66 sales · 67 leases
Sold69+0.5%
Price$609k
Sales DOM28 days▲+8d
Leased—
Rent—
Rental DOM—
—
Sales—
Rent1/100
All houses
Sold69▲+50.0%
Price$609k▲+50.0%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk+0.5%
Rental DOM15 days−1d
3.17%
Sales50/100
Rent50/100
All units
Sold69+0.5%
Price$609k▲+50.0%
Sales DOM28 days▲+8d
Leased71▲+50.0%
Rent$394/wk▲+50.0%
Rental DOM15 days−1d
3.17%
Sales50/100
Rent50/100
Where each segment ranks
Greenvale property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Metric
Ranked against
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
4/4above median
02550 · MEDIAN75100
Percentile vs VIC
Value
Units
1/1above median
02550 · MEDIAN75100
Percentile vs VIC
Value
The buy-versus-rent equation
Buying vs renting in Greenvale
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Property
Compare to
Houses · 2 bed: +50%
Houses · 3 bed: +50%
Houses · 4 bed: +50%
Houses · Total: +50%
Units · Total: +50%
VIC MEDIAN · +31%
Rent covers itRenting matches or beats the cost of owning−10% to 0%
BalancedMortgage roughly matches asking rent+30% to +60%
Far pricier to ownBuying costs much more than renting+100% to +130%+
BreakdownLast 12 months
Holding cost
Mortgage
Rent
Premium
Band
01
Houses · 2 bed69 sales · 71 leases
−$296/wk
$690/wk
$394/wk
+50%
Typical premium
02
Houses · 3 bed69 sales · 71 leases
−$296/wk
$690/wk
$394/wk
+50%
Typical premium
03
Houses · 4 bed69 sales · 71 leases
−$296/wk
$690/wk
$394/wk
+50%
Typical premium
Assumes 80% LVR·6.0% rate·30y P&I
Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.
Market data
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Side
View
Property
Bedrooms
Radius
Compared against
Sales market velocity
4 nearby suburbs · 10km · Total house · sales
risingfalling
DOM change YoYis demand rising or falling?
median
median
Recoveryweak but rising
Boomstrong and rising
Troughweak and falling
Peakstrong but easing
Nearby suburb
Demand index
51 / 100vs VIC
Days on market
20 days▼ −4 days YoY
Median price
$542k▲ +11.7% YoY
Sold (last year)
26▲ +57.0% YoY
Nearby suburb
Demand index
76 / 100vs VIC
Days on market
19 days▲ +2 days YoY
Median price
$487k▲ +8.4% YoY
Sold (last year)
104▼ −9.2% YoY
Nearby suburb
Demand index
90 / 100vs VIC
Days on market
20 days▲ +1 day YoY
Median price
$456k▲ +9.1% YoY
Sold (last year)
143▼ −12.1% YoY
Nearby suburb
Demand index
76 / 100vs VIC
Days on market
17 days▲ +1 day YoY
Median price
$606k▲ +9.6% YoY
Sold (last year)
58▲ +23.0% YoY
Greenvale · this suburb
Demand index
91 / 100vs VIC
Days on market
28 days▲ +8 days YoY
Median price
$609k▲ +50.0% YoY
Sold (last year)
69▲ +50.0% YoY
weakSales market velocityhow strong sales demand isstrong
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
Market data
Greenvale against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Greenvale in blue, peers in colour.
Pair
View
Property
Bedrooms
Radius
How fast — and is it getting faster?
5 peer suburbs · 10km · Total house
fasterslower
DOM change YoYvs 12 months ago
median
median
Recoveringquiet but accelerating
Boomingbusy and accelerating
Stalledquiet and slowing further
Coolingbusy but slowing
Nearby suburb
Demand index
33 / 100vs Australia
Days on market
20 days▼ −4 days YoY
Median price
$542k▲ +11.7% YoY
Sold (last year)
26▲ +57.0% YoY
Gross yield
2.69%
Nearby suburb
Demand index
49 / 100vs Australia
Days on market
19 days▲ +2 days YoY
Median price
$487k▲ +8.4% YoY
Sold (last year)
104▼ −9.2% YoY
Gross yield
3.00%
Nearby suburb
Demand index
52 / 100vs Australia
Days on market
20 days▲ +1 day YoY
Median price
$456k▲ +9.1% YoY
Sold (last year)
143▼ −12.1% YoY
Gross yield
3.00%
Nearby suburb
Demand index
58 / 100vs Australia
Days on market
17 days▲ +1 day YoY
Median price
$606k▲ +9.6% YoY
Sold (last year)
58▲ +23.0% YoY
Gross yield
2.00%
Nearby suburb
Demand index
0 / 100vs Australia
Days on market
84 days—
Median price
—▲ +27.0% YoY
Sold (last year)
—▲ +112.0% YoY
Gross yield
5.00%
Greenvale · this suburb
Demand index
50 / 100vs Australia
Days on market
28 days▲ +8 days YoY
Median price
$609k▲ +50.0% YoY
Sold (last year)
69▲ +50.0% YoY
Gross yield
3.17%
slowDays on marketmedian days to sellfast
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
How much is available right now?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
View
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.1 | ▼ -1.4 | 6 | 69 | 5.8 | |
| Balanced | 2.4 | ▲ +1.2 | 14 | 69 | 5.8 | |
| Slightly loose | 3.7 | ▲ +2.9 | 21 | 69 | 5.8 | |
| Loose | 4.3 | ▲ +3.4 | 25 | 69 | 5.8 | |
| Oversupply | 7.3 | ▲ +4.3 | 42 | 69 | 5.8 |
median
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| National typical | 0.7 | — | 4 | 71 | 5.9 | |
| Slightly loose | 1.0 | ▲ +1.0 | 6 | 71 | 5.9 | |
| Loose | 1.4 | ▲ +0.1 | 8 | 71 | 5.9 | |
| Loose | 1.8 | — | 11 | 71 | 5.9 | |
| Oversupply | 2.0 | ▼ -0.2 | 12 | 71 | 5.9 | |
| Oversupply | 2.2 | ▼ -5.8 | 13 | 71 | 5.9 |
median
Severe
Very Tight
Tight
Balanced
Loose
Very Loose
Saturated
Under-suppliedOver-supplied
Market data
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Property
Greenvale — Units & Houses, all bedrooms
Jul 2021 – Jun 2026 · each point = a 12-month window
0%25%50%75%100%20222023202420252026
Sales · buyer transactions
Leases · tenant transactions
Five-year arc
Greenvale median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Greenvale fell from $550k (Jul 2021) to $462k (Jun 2026) — a 16.0% decline over five years — peaking at $786k between Dec 2021 and Nov 2022. Median house rent went from $241/wk to $538/wk (+123.2%) over the same period. For units, the median sale price rose from $275k to $388k (+41.0%), with rent up from $197/wk to $310/wk (+57.4%) over the same period.
PropertyBedrooms
Median price (trailing year)
Jun 2026
$462k-22.2%
5y median $603kvs last year $593k
Total sales (trailing year)
Jun 2026
363+5.8%
5y median 244vs last year 343
Days on market (trailing year)
Jun 2026
18 days-24
5y median 29 daysvs last year 42 days
Median rent (trailing year)
Jun 2026
$538/wk+65.5%
5y median $397/wkvs last year $325/wk
Total leases (trailing year)
Jun 2026
332+72.9%
5y median 220vs last year 192
Days on market (rental) (trailing year)
Jun 2026
20 days+5
5y median 17 daysvs last year 15 days
Gross yield (trailing year)
Jun 2026
2.27%-1.09 pt
5y median 2.44%vs last year 3.36%
Months of supply
Jun 2026
2.5 months-16.8%
5y median 2.5 monthsvs last year 3.0 months
Months of supply (rental)
Jun 2026
1.0 months-44.8%
5y median 1.3 monthsvs last year 1.8 months
Nearby markets
Suburbs near Greenvale: prices compared
The nearest suburbs to Greenvale, ranked by distance — each lined up against Greenvale on the same measures, so the differences jump out at a glance.
Market
Property
Bedrooms
Radius
Colour by
This marketGreenvaleVIC 3059 · Houses · Total
Price$609k
DOM28 days
Sold69
5 markets within 5kmLast 12 months
01
Meadow HeightsVIC 3048 · 3.0km · Houses · Total
Price$487k
DOM19 days
Sold104
cheaperfaster
02Melbourne AirportVIC 3045 · 3.0km · Houses · Total
Price—
DOM84 days
Sold—
much slower
03AttwoodVIC 3049 · 3.3km · Houses · Total
Price$542k
DOM20 days
Sold26
cheaperfaster
04WestmeadowsVIC 3049 · 4.2km · Houses · Total
Price$606k
DOM17 days
Sold58
similar pricedfaster
05Roxburgh ParkVIC 3064 · 4.3km · Houses · Total
Price$456k
DOM20 days
Sold143
cheaperfaster
Houses · TotalSales market
Stat colourHow each suburb's stat compares to Greenvale
Much lowerLowerSimilarHigherMuch higher
Similar markets
Suburbs like Greenvale
Suburbs anywhere in VIC that behave like Greenvale — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Greenvale vs Glenroy: the closest sales-market match trades at a median of $572k against Greenvale's $609k — about 6% lower, with homes selling in 19 days versus 28 days here.
Colour by
Property
Bedrooms
Market
This marketGreenvaleVIC 3059 · Houses · Total
Price$609k
DOM28 days
Sold69
Most similar sales markets · within 5.5–50 kmLast 12 months
0102030405
GlenroyVIC 3046 · 6km · 45% match
Price$572k
DOM19 days
Sold280
FawknerVIC 3060 · 10km · 77% match
Price$677k
DOM21 days
Sold145
Williams LandingVIC 3027 · 19km · 50% match
Price$567k
DOM24 days
Sold120
DerrimutVIC 3026 · 10km · 69% match
Price$671k
DOM13 days
Sold67
Narre Warren SouthVIC 3805 · 50km · 60% match
Price$493k
DOM20 days
Sold277
Stat colourHow each suburb's stat compares to Greenvale
Much lowerLowerSimilarHigherMuch higher
Comparable sales markets to Greenvale: Glenroy property growth, Fawkner house prices, Williams Landing (VIC 3027), Derrimut (VIC 3026) and Narre Warren South market trends.
Greenvale's closest rental-market twins: Williams Landing, VIC property market, Fawkner average house price, Derrimut, VIC property market, Glenroy house prices and Narre Warren South (VIC 3805). Each link opens that suburb's full market report.
Market data
Frequently asked · Greenvale
26 data-driven answers about Greenvale's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Greenvale?
#The median house price in Greenvale, VIC 3059 is $609k as of June 2026, based on 66 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Greenvale?
#The median unit price in Greenvale, VIC 3059 is $609k as of June 2026, based on 66 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Greenvale?
#The median weekly house rent in Greenvale is $394 as of June 2026, drawn from 67 leases over the past 12 months. Units rent for around $394 per week. House rents have moved +0.5% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Greenvale?
#A 3 bedroom house in Greenvale rents for a median $394 per week as of June 2026, drawn from 67 leases over the past 12 months. Across other house sizes: 2-bedroom $394/week, 4-bedroom $394/week. Unit rents: 2-bedroom $394/week, 3-bedroom $394/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Greenvale?
#Gross rental yield in Greenvale is 3.17% for houses and 3.17% for units as of June 2026, compared with the VIC unit median of 3.57%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Greenvale?
#As of June 2026, Greenvale medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $609k | $609k | $609k | $609k |
| Units | $609k | $609k | $609k | — | $609k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Greenvale median?
#At the median Greenvale house ($609k purchase, $394/week rent), weekly mortgage repayments sit at roughly $690 — about $296 more per week than renting. That gap is the ownership premium. For the median unit ($609k purchase, $394/week rent), repayments run about $690 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Greenvale's property market trends?
#Greenvale's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +0.5%; homes now sell in a median 28 days — slower than a year ago by 8; sales supply sits at 7.3 months (saturated). Read together — price, rent, selling speed and supply — they show which way the Greenvale market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Greenvale as an investment?
#As of June 2026 in Greenvale, house prices rose +50.0% over the year, gross rental yield is 3.17% against a VIC median of 2.83%, houses take a median 28 days to sell, sales supply is 7.3 months (saturated). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Greenvale?
#Houses in Greenvale sell in a median 28 days on market as of June 2026, with units clearing slightly similarly at 28 days. Days on market have lengthened by 8 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Greenvale a tight or loose property market right now?
#Greenvale's sales market sits at 7.3 months of supply for houses as of June 2026 — classified as Saturated (extreme oversupply) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.8 months of supply.
Have property prices in Greenvale gone up or down?
#House prices in Greenvale moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Greenvale?
#Greenvale's house rental market sits at 1.8 months of supply as of June 2026 — classified as Balanced, with 71 houses leased over the past 12 months. Units sit at 2.2 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Greenvale in its property market cycle?
#Greenvale's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year loosening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Greenvale compare to other VIC suburbs?
#Greenvale's median house price ($609k) is 41% above the VIC median ($432k) as of June 2026. On selling speed, houses clear in 28 days vs 19 days state median. On gross yield, Greenvale sits at 3.17% vs 2.83% state median.
How does Greenvale compare to neighbouring suburbs?
#Greenvale's most-similar nearby market is Glenroy (5.5 km away) with a median house price of $572k — about 6% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Greenvale?
#The most-transacted segment in Greenvale over the 12 months to June 2026 is 2 bed houses with 69 sales. 3 bed houses come second at 69 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Greenvale last year?
#Greenvale recorded 69 house sales and 69 unit sales over the 12 months to June 2026 — a combined 138 transactions. On the rental side, 71 houses and 71 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Greenvale in?
#Greenvale is in postcode 3059, in the North West Melbourne region of VIC. Addresses there are written as Greenvale, VIC 3059.
What is the population of Greenvale?
#Greenvale, VIC 3059 is home to 12,064 residents (ABS Census 2021). The median resident age is 29, and the average household holds 2.4 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Greenvale?
#The median household in Greenvale earns $2k per week — roughly $93k a year (ABS Census 2021). Median personal income runs $435/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Greenvale?
#The unemployment rate in Greenvale is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Greenvale?
#Greenvale is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Greenvale?
#Greenvale has 150 schools within reach, 7 of them inside the suburb itself — including Mary Queen of Heaven Catholic Primary School, Greenvale Primary School, Keelonith Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Greenvale a good place to live?
#Greenvale, VIC 3059 has a population of 12,064, a median age of 29, a median household income around $2k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Greenvale market data last updated?
#This Greenvale market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.