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Greendale, VIC 3341

Home » VIC Real Estate Data » Moorabool Shire, VIC » Greendale, VIC 3341

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Greendale, VIC 3341 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Greendale, VIC 3341”

  1. The total adult population (15 years or older) of Greendale 3341 VIC is 488, with a median age of 42. Of those, 49.59% are married, 11.07% are divorced or separated, 34.43% are single and 4.10% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,248. The median monthly mortgage repayment for households in this suburb is $1,950 which is 21.09% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Greendale, postal code 3341, is nestled in the state of Victoria with an estimated total of 254 households. As we dart into Q3 2023, the typical home price in this tranquil suburb sits at an average of $865,548, with a weekly median rent of about $465, yielding an indicative return of 2.79%. The IRSAD score for Greendale, an indicator of the socio-economic status of the suburb, stands at a robust 1011 out of a possible 1217, signifying a relatively affluent and economically sound populace.

    In the realm of property ownership, the suburb flaunts a remarkably low renter to owner ratio of 1%, suggesting a dominantly owner-occupied property market which can, in turn, influence the stability and value retention of real estate investments in the area. Complementing this dynamic is an equally compelling units to houses ratio of 0%, implying that houses overwhelmingly dominate the local property landscape which is generally favourable for longer tenancy periods and decreased competition among landlords.

    Delving into the affordability aspect, the index in Greendale stands at 37 years. This figure exceeds the conventional mortgage lifespan of 30 years, signifying decreased affordability and implying a potentially more discrete buyer market.

    Examining supply metrics, the stock on market Percentage for houses in Greendale is currently 0.39%, indicating a favourable low supply market that can foster competitive dynamics among potential home buyers. Nonetheless, an inventory level of 6.0 months suggests a high supply environment, pointing to slower sales movements and requiring attentive tracking. Looking at building approvals, the ratio for houses is a minimal 0.0%, painting a static picture of development activity in this property sector.

    Shifting gears to demand metrics, houses in Greendale, on average, are spending 79 days on the market before being swooped up by eager buyers. To round up the picture, the suburb is flaunting a vacancy rate of 1.55% (spanning both units and houses), which is situated in the neutral demand zone, offering a balanced rental property market. But it’s worth viewing the somewhat modest buy search index for houses sitting at 3, hinting at limited demand and suggesting potential investors keep a keen watch over market trend shifts.

    It’s crucial to remember that ongoing market vigilance and a complex understanding of these metrics are key to making optimal property investment decisions. Tools like the RCS (Relative Composite Score) developed by HtAG Analytics can aid in automating this research by grappling with over 80 metrics in condensed form. Even though some metrics in Greendale are in unfavourable ranges, others present favourability, making it a prospect worth paying attention to.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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