Greensborough is a sizeable suburb in Victoria within the Banyule local government area (postcode 3088). It is home to about 21,070 residents, with a settled mid-life population and a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Greensborough stand at $995,000, having eased back by 2.5% over the last twelve months. Units have a median price of $655,000 (-8.5% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.9%. 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.
Looking at the investment signals, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($995K/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved -2.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.