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Suburb Insights ยท VIC 3304

Greenwald 3304, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Greenwald is a regional centre in Victoria, Australia, with a population of approximately 58, making it a boutique locality. Located approximately 313 km from the Melbourne CBD, Greenwald is a regional area in Victoria. The median household income is $71,500 AUD per year (ABS 2021 Census).

Investment Score

32 / 100 Weak

Household earnings in Greenwald are below the state average, which may affect long-term capital growth. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Greenwald, Victoria, Australia.

Key Indicators

Postcode
3304

Official Australia Post postcode for Greenwald. A postcode may cover multiple suburbs.

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Population
58

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$150/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$71,500/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
313 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$455/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
91% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Greenwald serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $150/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $455/month. 91% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Greenwald over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Greenwald's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Renovation or flip strategies in Greenwald face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Greenwald property

Full Property Analysis

30-year projections for Greenwald

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Greenwald is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Greenwald's 2026 outlook. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Greenwald a good suburb for investment?

Greenwald is a regional area in Victoria with a population of 58. The median rent is $150/week and the median household income is $71,500/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Greenwald?

Key demand drivers in Greenwald include regional employment hubs, lifestyle, and affordability. 91% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Greenwald?

According to the ABS 2021 Census, Greenwald has a population of approximately 58. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Greenwald from the Melbourne CBD?

Greenwald is approximately 313 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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