Giving property investors a a stable capital gain of 13.81% for the last year, Greensborough, 3088 is the 840th highest performer in Australia in this respect.
Greensborough,3088 has offered an average of 13.81% return per annum in house price rises to property investors over the last three years.
Greensborough, 3088 is offering VIC ‘s 560th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
At number 330th in the list of Australian suburbs ordered by increase in median house value over the last year, Greensborough, 3088 is in the top 20% with a property value increase of 13.55% recorded in median house prices.
While Greensborough,3088 ranked number 169th in VIC for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
Greensborough3088 is located in VIC which offers an average discount of -4.67% to property investors. Greensborough itself is showing figures that indicate -3.51% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.28%, investors should hope to achieve an overall return of 3.10%
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