Giving property investors a an average capital gain of -3.07% for the last year, Greensborough, 3088 is the 2418th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Greensborough,3088 has racked up an average of -3.07% over the period. This ranks it number 1410th in the whole country for real estate investors looking at median house price increases.
Greensborough3088 is located in VIC which offers an average discount of -6.90% to property investors. Greensborough itself is showing figures that indicate -5.60% is the average achievable by property buyers investing in the suburb.
VIC has seen average median house prices change by 3.98% which means that Greensborough, 3088 has done well for property investors by showing a capital gain of 2.32% over the last year
Taking the average capital gain, or increase in median house value, Greensborough,3088 has racked up an average of 2.32% over the period. This ranks it number 354th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.33% offered to property buyers. Sellers in Greensborough itself are offering an average vendor discount of -4.71% to real estate investors.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
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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.