All About Gardenvale, Glen Eira, VIC, 3185

Gardenvale, a charming suburb in the Glen Eira municipality of Victoria, offers a blend of suburban tranquility and urban convenience that appeals to a wide range of homebuyers and renters. The housing market in Gardenvale is characterized by its mix of period homes, including Edwardian and Victorian-style properties, along with modern apartments and units. This diversity in housing options makes Gardenvale an attractive choice for families, young professionals, and retirees alike. Over recent years, the area has seen a steady increase in property values, partly due to its desirable location and proximity to the Melbourne CBD. This upward trend in the market is reflective of Gardenvale’s reputation as a safe and family-friendly community with highly regarded local schools and parks, making it a solid investment for prospective buyers.

Living in Gardenvale provides residents with a unique blend of lifestyle benefits. The suburb is well-serviced by public transport, with the Gardenvale train station conveniently linking commuters to the Melbourne city center in under 20 minutes. Moreover, the lively shopping precincts of nearby Brighton and Elsternwick provide ample opportunities for retail therapy, dining, and entertainment, while the quieter residential streets offer a peaceful retreat. Gardenvale also boasts access to beautiful green spaces, such as the popular Landcox Park, offering a serene setting for picnics, walking, and jogging. The community-oriented atmosphere, coupled with its excellent amenities and strategic location, makes Gardenvale a delightful place to call home, embodying both the charm of the suburbs and the vibrancy of urban living.

Gardenvale Real Estate Market Outlook

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.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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