Property investors who have had real estate in Greensborough, 3088 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.29%
Across a shorter period, Greensborough, 3088 has seen a median price increase of 4.86% over the last quarter.
Greensborough, 3088 is offering VIC ‘s 436th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
In the last year 263 properties changed hands in Greensborough, which puts it as the 73th most active market in VIC when comparing the number of sales per suburb.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.01%, without taking into account capital value appreciation, which has been averaging out at 7.20%.
Greensborough has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.09% to date .
Taking the average capital gain, or increase in median house value, Greensborough,3088 has racked up an average of 11.09% over the period. This ranks it number 573th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Greensborough should be aiming for at least -2.18% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.