Greensborough is a large suburb in Victoria within the Banyule local government area (postcode 3088). With a population of 21,070, the suburb has an established demographic with a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Greensborough is $1.0 million, having increased 4.1% over the past year. Units have a median price of $715,000 (-2.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Greensborough is served by 8 schools, including 6 primary, 1 secondary, 1 special. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 10 rail stations, 98 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Greensborough offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 9.5x is considered moderate. House prices have moved +4.1% year-on-year.
Greensborough is a large suburb in Victoria within the Banyule local government area (postcode 3088). With a population of 21,070, the suburb has an established demographic with a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Greensborough is $1.0 million, having increased 4.1% over the past year. Units have a median price of $715,000 (-2.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Greensborough is served by 8 schools, including 6 primary, 1 secondary, 1 special. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 10 rail stations, 98 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Greensborough offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 9.5x is considered moderate. House prices have moved +4.1% year-on-year.