AREA REPORTS

Greensborough

 

 

Suburb Profile

Greensborough - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3088

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Homeowners and real estate investors betting on GREENSBOROUGH, 3088 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.09%.

A steady increase in median property prices over a five-year period in the suburb translates to a 36.89% capital gain.

Property investors in GREENSBOROUGH enjoyed capital gains of 10.09% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $835,000.

Profits due to an upward trend in home prices there averaged 12.3% per annum over a 3-year period.

Home owners selling their properties and realtors in GREENSBOROUGH usually have to wait an average of 41.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $445 mark, reflecting a 2.77% increase in returns based on the current median price in GREENSBOROUGH.

GREENSBOROUGH, 3088 places 433rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $835,000 $597,500
GROWTH REPORT
Median Quarterly -0.18% -2.05%
Median 12 month 10.09% 2.14%
Median 3 years 36.89% 30.67%
Median 5 years 63.09% 44.5%
10 years average annual 7.58% 6.07%
Weekly media advert. rent $445 $365
Time on Market 41.6 days 31.6 days
Gross Rental Yield Percent 2.77% 3.18%
demographics (median values)
Total Population
20212
Weekly Household Income
1238
Household Size
2.80
demographics
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