Greensborough is an average performer in VIC when comparing median price capital growth over the last year. Greensborough gave property investors a good capital gain figure when compared to the rest of the state, with 12.98%.
Greensborough,3088 has offered an average of 12.98% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Greensborough is giving property investors an average Vendor Discount of around -3.93%. This puts suburb at number 481th in VIC when ranking the most discounted suburbs.
The VIC suburb of Greensborough, 3088 is in the Banyule local government area.
At number 393th in the list of Australian suburbs ordered by increase in median house value over the last year, Greensborough, 3088 is in the top 30% with a property value increase of 10.91% recorded in median house prices.
Over the longer term, Greensborough has seen property prices show investors a 33.77% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Greensborough are currently offering property investors an average price cut of -3.47% below the asking price at the moment.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
Situated 17.38km from the CBD, Greensborough is one of Banyule localities in the postcode 3088.
Originally named Keelbundoora, which is an Aboriginal term for “a round swamp,” Greensborough is a historic suburb that was first established in the 1850s. It is bordered by bushland, and Plenty River runs through itFull summary
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Regional hub sees boom in unit demand
Median unit price: $597,000
Three-year growth: 38.2%
Rental yield: 3.1%
Originally named Keelbundoora, which is an Aboriginal term for “a round swamp,” Greensborough is a historic suburb that was first established in the 1850s. It is bordered by bushland, and Plenty River runs through it.
This suburb is characterised by strong growth, with unit prices soaring by nearly 20% in the past 12 months leading up to November 2017. Apartments are selling at low discount rates, suggesting that buyers are definitely seeing potential in this area. This is supported by the fact that units are snapped up within an average of 45 days of being placed on the market.
Greensborough is home to Greensborough Plaza, which is the main shopping hub for the suburbs in Melbourne’s north east. More shops line Main Street. A new aquatic centre has also been constructed. The main offices of the Banyule City Council also moved to Greensborough recently.Close