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Greensborough, VIC 3088

Home » VIC Real Estate Data » Nillumbik Shire, VIC » Greensborough, VIC 3088

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Greensborough, VIC 3088 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Greensborough, VIC 3088”

  1. The total adult population (15 years or older) of Greensborough 3088 VIC is 17,147, with a median age of 41. Of those, 52.98% are married, 10.78% are divorced or separated, 31.50% are single and 4.80% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,816. The median monthly mortgage repayment for households in this suburb is $2,167 which is 22.08% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Greensborough, postcode 3088, is located in the Australian state of Victoria and is home to approximately 9313 households. As we move into the third quarter of 2023, housing prices in Greensborough are averaging at $1,005,532. The median weekly rent for these houses is priced at $500, which results in an indicative yield of 2.59%.

    Analysing the community’s socio-economic environment, Greensborough possesses an IRSAD score of 1060 out of a possible 1217. This score highlights that the locale has good access to economic resources, with residents earning comparatively high incomes and leading skilled occupations.

    When examining the balance between rental and owner properties, the suburb presents an appealing renter-to-owner ratio of 17%. Additionally, the units-to-houses ratio is similarly situated at 17%, suggesting a well-balanced market with less competition among landlords for tenants and more families attracted to longer tenancy periods.

    In relation to accessibility of homeownership, the affordability index for houses in Greensborough is marked at 40 years. Although this time frame is above the typical 30-year mortgage period, potentials buyers are urged to consider the other favourable metrics exhibited by Greensborough’s property market.

    The current stock on market percentage for houses sits at a favourable low of 0.2%, illustrating a environment limited in supply. Complementing this figure, the housing inventory level is low at 0.74 months, signifying the property market’s efficient absorption of new listings. However, the building approvals Ratio for houses rests at 0.46%, indicating a moderate inflow of new dwellings in the suburb.

    The average days on market (DOM) for houses in Greensborough is a low 20 days, pointing towards a high demand within the property market. This elevated demand is also evidenced by the suburb’s Vacancy Rate; while taking into account both houses and units, the vacancy rate is at a low level of 1.31%.

    Finally, the buy search index for houses within Greensborough stands at 4. While this figure is within the neutral range, the other strong metrics presented in this analysis suggest the suburb holds potential as a propitious environment for real estate endeavours.

    As with any property venture, while Greensborough’s statistics provide a promising outlook, it’s crucial for investors to continuously monitor market indicators and trends for the most beneficial investment outcomes. The Relative Composite Score (RCS) metric, developed by HtAG Analytics, provides an automated analysis of over 80 metrics, offering an invaluable tool in this ongoing market monitoring.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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