Greenway vs Monash
Greenway (median $358,000) is roughly 60% cheaper to buy into than Monash ($895,500).
Buying in Greenway or Monash?
Selling in Greenway? The free selling guide
Greenway and Monash side by side
| Measure | Greenway | Monash |
|---|---|---|
| Price and market | ||
| Median house | $358,000 | $895,500 |
| Median unit | $506,250 | $700,000 |
| Renting | ||
| House rent | $450/wk | $462/wk |
| Unit rent | $450/wk | $450/wk |
| Owner occupied | 57.0% | 74.0% |
| Renter occupied | 39.0% | 19.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1042 | 1040 |
| Lifestyle and people | ||
| Walk score | 100 | 6 |
| Transit score | 100 | 100 |
| Bike score | 100 | 100 |
| Population | 4,129 | 5,644 |
| Median age | 36 | 43 |
| Climate | ||
| Annual rainfall | 649 mm | 648 mm |
| Mean max, January | 29.1°C | 28.8°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Greenway scores higher on walkability (100/100 vs 6/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Greenway (1042) sits above Monash (1040). Monash skews owner-occupied (74%), Greenway runs more rental-dense (57% owner).
- For buyers
- Greenway is the lower entry point at $358,000 median, 60% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Greenway offers the higher gross rental yield (6.54% vs 2.68%), favouring cash-flow investors.
- For families
- Greenway edges out on average school ICSEA (1042 vs 1040). Monash also has a higher family-household share (72% vs 53%), so the catchment community skews family-heavy.
Greenway vs Monash: common questions
Is Greenway or Monash cheaper to buy in?
Greenway has the lower median house price at $358,000, roughly 60% below Monash ($895,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Greenway or Monash have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Greenway scores 1042 vs 1040 in Monash. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Greenway or Monash?
Greenway scores 100/100 on walkability vs 6/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Greenway or Monash?
Gross rental yield on houses is 6.54% in Greenway vs 2.68% in Monash. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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