Suburb Profile Report for Greensborough VIC (3088)

Greensborough House: Median price $676,000, Annual capital growth 6.99%, Number of sales 268, Weekly median advertised rent $400

Greensborough Unit: Median price $500,000, Annual capital growth 6.37%, Number of sales 95, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$676,000 $500,000
3.99% 1.42%
9.47% 9.00%
6.99% 6.37%
$400 $340
268 95
3.08% 3.54%
45.62 37.48

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 20552
Median household income ($/weekly) 1524
Median age of persons 38
Median housing loan repayment ($/monthly) 1837
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2432 11.8
    25-34 years 2780 13.5
    35-44 years 3012 14.7
    45-54 years 2825 13.7
    55-64 years 2739 13.3
    Others 6763 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 8465 54.7
    Not Married 5844 37.8
    Defacto Relationship 1163 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 15981 80.8
    Japan 433 2.2
    Papua New Guinea 218 1.1
    United Kingdom 766 3.9
    Other 537 2.7
    Others 1854 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 236 1.2
    Christianity 12962 68.5
    Hinduism 137 0.7
    Islam 170 0.9
    No Religion 5277 27.9
    Others 152 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 575 8.8
    $1,250-$1,499 550 8.4
    $1,500-$1,999 951 14.5
    $2,000-$2,499 816 12.4
    $2,500-$2,999 679 10.4
    Others 2989 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6681 41.4
    Not in the labour force 4883 30.3
    Employed, worked part-time 3529 21.9
    Employed, away from work 644 4.0
    Unemployed, looking for work 403 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 1304 12.0
    Professionals 2681 24.7
    Technicians & trades workers 1609 14.8
    Clerical & administrative workers 1873 17.3
    Sales 1153 10.6
    Others 2231 20.6
    Occupation
    Census Count Percent(%)
    Pre-school 426 8.9
    Infants/Primary 1602 33.3
    Secondary 1291 26.9
    Technical or Further Educational Institution 429 8.9
    University or other Tertiary Institutions 859 17.9
    Others 198 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18209 93.3
    Semi-detached, row or terrace house, townhouse 707 3.6
    Flat, unit or apartment 590 3.0
    House or flat attached to a shop, office 14 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3109 43.7
    Fully owned 2792 39.3
    Rented 1180 16.6
    Other tenure type 27 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals