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 13.61%.
A steady increase in median property prices over a five-year period in the suburb translates to a 43.01% capital gain.
Property investors in GREENSBOROUGH enjoyed capital gains of 13.61% 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 $818,000.
Profits due to an upward trend in home prices there averaged 14.34% per annum over a 3-year period.
Home owners selling their properties and realtors in GREENSBOROUGH usually have to wait an average of 33.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $440 mark, reflecting a 2.8% increase in returns based on the current median price in GREENSBOROUGH.
GREENSBOROUGH, 3088 places 172nd in Australia based on median property value growth during the quarter.
Property investors in GREENSBOROUGH enjoyed capital gains of 20.79% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in GREENSBOROUGH are low, as opposed to average gains per annum over the past five years.
GREENSBOROUGH posted a 38.64% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $362.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $362.5 mark, reflecting a 3.09% increase in returns based on the current median price in GREENSBOROUGH.
GREENSBOROUGH, 3088 ranks 42nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
GREENSBOROUGH ranks 318th on the list of best yielding suburbs for rental properties in VIC, posting a 3.09% return.
Nice blog .. love to read
Yes Right. Awesome share
in one word, i say REAL ESTATE SUCCESS
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal