Greenvale has been named as one of Victoria’s most family-friendly housing markets in a new report by Well Money.
The suburb was ranked as the 14th highest suburbs for families in the state, with Gisborne in the Macedon Ranges taking out top spot.
The research considered every suburb in Victoria before filtering out those that weren’t ‘family suburbs’ – measured according to key indicators including a median house price between $200,000 and $1.5 million, distance from the city and education scores.
Then, the top 20 suburbs were chosen and ranked based on a change in inventory levels over the previous three months – when inventory levels rise, it means it’s become easier for buyers to find properties because they don’t have to compete as hard, in turn lowering prices.
Barry Plant Gladstone Park sales manager Nick Pugliese said Greenvale meets the needs of growing families.
“There’s been quite a bit of development in terms of new estates opening up through Greenvale which with that growth has also allowed for the opportunity for more schools to open. So we’ve had a number of primary and secondary schools open up, also I suppose you’re in close proximity of the CBD,” Mr Pugliese said.
Well Money chief executive Scott Spencer said the top ranking suburbs ticked all the right boxes.
“All the suburbs in the top 20 ranking are family-friendly as well, which means they contain a lot of families, they contain a lot of owner-occupiers, they’re relatively close to the Melbourne CBD and they’re above-average in terms of educational and occupational status,” Mr Spencer said.
The median house price in Greenvale currently sits at $885,000.
“In the newer estates now it’s a very affordable price range, anywhere from probably $650,000 to a million,” Mr Pugliese said.
