Suburb Profile Report for Greensborough VIC (3088)

Greensborough House: Median price $725,000, Annual capital growth 7.34%, Number of sales 258, Weekly median advertised rent $420

Greensborough Unit: Median price $520,000, Annual capital growth 6.51%, Number of sales 88, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Greensborough have tracked just higher than the VIC average of 8.96% over the last 12 months.

Greensborough,3088 was ranked 2451 in Australia by increase in median property value over the quarter.

Vendor discounting in Greensborough is giving property investors an average Vendor Discount of around -5.11%. This puts suburb at number 348th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 21.50 sales per month, which equates to 258 per year.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 7.34%, investors should hope to achieve an overall return of 3.01%

Investment property in Greensborough has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.71%

Comparing Greensborough,3088 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Greensborough is giving property investors an average Vendor Discount of around -2.92%. This puts suburb at number 294th in VIC when ranking the most discounted suburbs.

With the median price for a house in Greensborough being $520000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.50%

Metrics i HOUSE UNIT
$725,000 $520,000
0.69% 1.66%
11.97% 11.71%
7.34% 6.51%
$420 $350
258 88
3.01% 3.50%
41.98 47.48

Source: CoreLogic

DSR Score for property investment : Very 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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Recent sales & rentals