Greensborough

Greensborough, VIC 3088 is a suburb with a population of 21,070 residents. The area has a diverse age group, with a significant portion aged between 45 to 64 years. The majority of residents commute by motor vehicle, with a notable percentage also working from home. The suburb has a good mix of occupations, with professionals, managers, and technicians/tradeworkers being the top three occupational groups. Greensborough offers good educational opportunities with an ICSEA percentile of 73.3, indicating a relatively high level of educational advantage in government schools. For house investors, Greensborough presents opportunities with a relatively high market absorption rate and low vacancy rate, suggesting a high demand that may lead to potential price increases. The suburb has a good online search interest, indicating buyer demand. With a sale price IQR ratio indicating potential for renovation projects and steady growth rates over the years, Greensborough may be suitable for long-term investment. For unit investors, although the market absorption rate is lower compared to houses, the steady growth rates and low discount median provide a stable investment option. Greensborough, VIC 3088 offers a favourable environment for both homeowners and investors. With its diverse demographics, good educational facilities, and convenient commute options, the suburb provides a desirable lifestyle. Investors looking for opportunities in the housing market can benefit from the high demand and renovation potential, while unit investors can find stability and growth in the market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022