Suburb Profile Report for Greensborough VIC (3088)

Greensborough House: Median price $690,000, Annual capital growth 7.20%, Number of sales 263, Weekly median advertised rent $400

Greensborough Unit: Median price $511,000, Annual capital growth 6.60%, Number of sales 93, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$690,000 $511,000
4.86% 2.20%
11.29% 11.09%
7.20% 6.60%
$400 $340
263 93
3.01% 3.46%
47.87 43.82

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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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