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City of Glen Eira
Gardenvale

Gardenvale Property Market
& Suburb Profile

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MEDIAN PRICES IN GARDENVALE

Median house price

(all agencies, last 12 months)$1.9m*

House price change

(all agencies, last 12 months)-17.41%

Median unit price

(all agencies, last 12 months)$903k*

Unit price change

(all agencies, last 12 months)+78.71%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

GARDENVALE PRICE TRACKER

HousesUnits

GARDENVALE SALES OVERVIEW

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)29

Average days on market (units)

(all agencies, 12 months)25

Average held period in Gardenvale

(proptrack)14 years

GARDENVALE INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$976pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$506pw

Unit rental price change

(all agencies, last 12 months)-0.02%

Average rental yield for Houses

(all agencies, last 12 months)2.5%

Average rental yield for Units

(all agencies, last 12 months)4.38%

Gardenvale total population size

(as at the last census)1,019

Median household size in Gardenvale

(as at the last census)2.1

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

GARDENVALE PROPERTY TYPES

  • Houses 33%
  • Units 34%
  • Other 33%

OCCUPANCY IN GARDENVALE

  • Owned 52%
  • Rented 47%
  • Other/Not Stated 1%
  • Singles 45%
  • Families 53%
  • Other 2%

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ABOUT GARDENVALE

Gardenvale is Melbourne’s smallest suburb by area, occupying just 26 hectares approximately 10 kilometres southeast of the CBD. Despite its diminutive size, it is one of the city's most prestigious and tightly held pockets, tucked between the larger suburbs of Elsternwick and Brighton.

Often described as a "micro-suburb," it offers a refined, village-style lifestyle that combines the heritage charm of the late-Victorian and Edwardian eras with the sophisticated urban energy of the Bayside region.

The lifestyle in Gardenvale is defined by its intimacy and high "walkability." Social life is anchored by the vibrant Martin Street village, which straddles the border with Brighton. This strip is a local favourite for its artisanal bakeries, upscale cafes, and independent boutiques, creating a cosmopolitan atmosphere that feels distinct from the busier nearby shopping hubs. For recreation, residents have immediate access to Gardenvale Park, a small but beautifully maintained green space with a playground that serves as the community's primary meeting point. The suburb’s character is further enhanced by its proximity to the coast, with the beaches of Brighton and Elwood located just a short 15-minute walk or a few minutes' drive away.

A significant highlight for the area in late 2025 is the ongoing revitalisation of local community spaces. While Gardenvale itself is small, it benefits from major nearby projects such as the Elsternwick Park South improvements, which have introduced new wetlands, walking tracks, and nature-based play areas just across the suburb's northern boundary. Additionally, the Gardenvale Railway Station - a historic landmark in its own right -remains a vital transport anchor. Following minor amenity refreshes in 2024, the station provides seamless 20-minute commutes to the CBD, making the suburb a premier choice for professionals who value a quiet residential retreat with rapid city access.

Education is a major drawcard, with Gardenvale sitting within some of Melbourne's most elite school zones. While Gardenvale Primary School is technically located just over the border in Brighton East, it remains the primary educational pillar for local families and is highly regarded for its academic excellence. The suburb is also within walking distance of prestigious private institutions such as Star of the Sea College and Leibler Yavneh College, as well as various high-quality kindergartens and early learning centres. This density of premium schooling contributes to the suburb's demographic of established families and high-income professionals.

From a property perspective, Gardenvale is an exclusive and high-value market. The housing stock is a prestigious mix of beautifully preserved period homes on manageable allotments and a growing number of luxury boutique apartment developments.

The suburb's unique status as a "postcode within a postcode" ensures it retains a level of privacy and prestige that is rare so close to the city. While it shares many amenities with Brighton and Elsternwick, its distinct boundary and "village" identity continue to command a premium among buyers seeking a sophisticated Bayside lifestyle.

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SALES COMPARISON

Find out how Gardenvale median sales prices compare to neighbouring suburbs.

GARDENVALE MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202529$1,376,250-17.41%59$741pw3.44%
202432$1,218,500-21.00%57$714pw3.28%
202328$1,562,75014.59%65$691pw3.09%
202225$1,262,500-5.42%87$623pw2.85%
202135$1,618,75011.58%81$535pw2.49%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202529$1,376,250-17.41%
202432$1,218,500-21.00%
202328$1,562,750+14.59%
202225$1,262,500-5.42%
202135$1,618,750+11.58%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202559$741pw3.44%
202457$714pw3.28%
202365$691pw3.09%
202287$623pw2.85%
202181$535pw2.49%

BROWSE MORE SUBURBS

Brighton East

Elsternwick

Caulfield South

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.