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 12.84%.
A steady increase in median property prices over a five-year period in the suburb translates to a 41.53% capital gain.
Property investors in GREENSBOROUGH enjoyed capital gains of 12.84% 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 13.84% per annum over a 3-year period.
Home owners selling their properties and realtors in GREENSBOROUGH usually have to wait an average of 38.2 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 477th in Australia based on median property value growth during the quarter.
Property investors in GREENSBOROUGH enjoyed capital gains of 12.68% 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 34.63% 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 $370 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $370 mark, reflecting a 3.13% increase in returns based on the current median price in GREENSBOROUGH.
GREENSBOROUGH, 3088 ranks 129th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
GREENSBOROUGH ranks 313th on the list of best yielding suburbs for rental properties in VIC, posting a 3.13% return.
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