Greenvale, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Greenvale
VICCensus 2021 · Population 21,276
Greenvale is a suburb with a population of 21,276, characterized by a relatively young median age of 35, compared to the Victorian average of 38. The suburb is predominantly family-oriented, with 60.0% of households being couples with children, significantly higher than the Victorian average. The area is culturally diverse, with 63.3% of residents born in Australia and notable communities from Iraq, Turkey, and Italy. Housing in Greenvale is primarily composed of separate houses, making up 96.8% of the housing stock, which is considerably higher than the Victorian average of 73.4%.
Key Highlights
- Above average household income - $2,262 weekly (vs VIC $1,759)
- High percentage of separate houses - 96.8% (vs VIC 73.4%)
- Significant family presence - 60.0% couples with children
- Culturally diverse - 63.3% born in Australia with strong Iraqi, Turkish, and Italian communities
- High rate of home ownership - 31.8% owned outright, 53.8% with mortgage
Things to Consider
- Unemployment rate slightly above state average - 5.9% (vs VIC 5.0%)
- Lower percentage of public transport use - 2.3%
- Lower percentage of bachelor degree holders - 23.6% (vs VIC 29.2%)
- High median monthly mortgage - $2,167
- Limited rental market - 12.2% rented properties
What's it like living here?
Daily life in Greenvale is largely car-dependent, with 57.8% of residents driving to work. However, a significant portion, 22.5%, work from home, slightly below the Victorian average. The community has a strong family presence, with an average household size of 3.2 people and a high percentage of family households at 90.0%. The suburb offers a suburban lifestyle with a focus on family living.