Greensborough has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.47% to date .
While Greensborough,3088 ranked number 106th in VIC for increase in median house value (annualised) increase, it is ranked 212th over the last 5 years.
The most recent median price for Greensborough is $676000, with sellers offering an average of -4.60% off the asking price.
Advertised rents are around the $400 mark per week – giving a return of 3.08% based on the median price in Suburb
If you compare the increase in value of investment property in Greensborough, 3088 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.00%.
Across a shorter period, Greensborough, 3088 has seen a median price increase of 1.42% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Greensborough, 3088. Typically our figures indicate that -2.03% is being offered, which puts this VIC suburb at 1407th most discounted overall in Australia.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.