greensborough

3088, Victoria

Real Estate & Property Information

Median
Price Rank
242

greensborough Suburb Profile & Review

Greensborough boasts one of Melbourne's largest shopping venues, Greensborough Plaza, which houses over 190 specialty stores including Hoyts, Kmart, Target, JB Hi-Fi and Coles. Along Main Street there are also countless cafes, like Holy Moley, a cosy spot said to have the best gourmet coffee in the area.

As a family-friendly suburb, Greensborough provides its residents with the best of both worlds lush green surroundings and convenient forty minute access to City Loop train services on the Hurstbridge line. The Eastern Freeway is a short drive away for those wanting to commute into the city for study or work. However, closer to home, you will find a Northern Melbourne Institute of TAFE (NMIT) campus, as well as La Trobe University and RMIT University campuses.

Sports facilities are available in abundance. The Diamond Valley Little Athletics Centre is one of the largest little athletics centres inAustralia. The soon-to-be-completed Greensborough Regional Aquatic and Leisure Centre will be a major new resource for the community, featuring state-of-the-art swimming pools, community meeting spaces, car parking and pedestrian links. This facility is part of a larger project to revitalise the town centre, strengthening Greensborough's identity as a hub for the northern suburbs.

greensborough Demographic Data

$ 510,750 Median House Price

31 Minutes Average Commute

38 Median Age

20,552 Population

51.00 % Female

49.00 % Male

5801 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in greensborough, Victoria.

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greensborough Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

greensborough Median House Prices

  • 2008 $ 393,000
  • 2009 $ 407,500
  • 2010 $ 440,000
  • 2011 $ 529,250
  • 2012 $ 510,750

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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greensborough 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in greensborough have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term greensborough property price predictions.

greensborough Market Property Types

  • 90 % Seperate House
  • 5 % Semi Detached
  • 5 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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greensborough Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

greensborough Income & Mortgage Stats

  • $ 1,524 Median Weekly Household Income
  • $ 1,837 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in greensborough

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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greensborough Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

greensborough Sold Property Prices

greensborough Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

greensborough Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

greensborough Restaurants

  • Shiki75 Grimshaw Stgreensborough VIC 308803 9435 8018
  • Peppercorn Thai81 Grimshaw Streetgreensborough VIC 308803 9432 6500
  • Rimthang Thai Cafe134 Main Stgreensborough VIC 308803 9432 5699

greensborough Cafes

  • Pelligra Cakes71 Main Streetgreensborough VIC 308803 9434 2258
  • Urban Grooves Cafe99 Grimshaw Street greensborough VIC 308803 9434 5444
  • BB's cafeKiosk 8 Greensborough Plaza, 25 Main Streetgreensborough VIC 308803 9432 0660

greensborough Schools

  • St. Thomas the Apostle Primary School251 Diamond Creek RoadÊgreensborough VIC 3088(03) 9434 4565Catholic Primary School
  • St. Marys Primary School210 Grimshaw Streetgreensborough VIC 3088(03) 9433 4000Catholic Primary School
  • St John of God Services Vic: Churinga Support Service108-130 Diamond Creek Roadgreensborough VIC 3088(03) 9435 8366Specialist School

greensborough Childcare

  • Abacus Child Care Centre3-5 William Streetgreensborough VIC 3088
  • ABC Learning Centre299 Plenty River Drgreensborough VIC 3088
  • Diamond Valley Learning Centregreensborough VIC 3088

greensborough Kindergarten and Preschools

  • Apollo Parkways Preschool31 Plenty River Drivegreensborough VIC 3088
  • Barnumbi SchoolCommunity Drivegreensborough VIC 3088
  • Diamond Hills PreschoolDiamond Hills Drivegreensborough VIC 3088

greensborough Sporting Centres and Clubs

  • Diamond Valley, Willinda Parkgreensborough VIC 3088Athletics Club
  • Little Athletics Centres, Diamond Valley, Willinda Parkgreensborough VIC 3088Athletics Club
  • Doncaster, Malcolm Blair Reservegreensborough VIC 3088Baseball Club

greensborough Retirement Villages

  • Calvarygreensborough VIC 3088
  • St. Thomas Villagegreensborough VIC 3088

Find out How Much your House is Worth in greensborough

Request a free market Basic Report for greensborough to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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