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%