Real Estate Greta West Vic 3675

Real Estate Market: Is Greta West VIC 3675 a Good Suburb to Buy Into?

Housing Market in Greta West

Key Greta West Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Hume	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$468	Bottom 11%	201% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Greta West

Greta West Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Greta West

40.9%

Hume

36.0%

Compare
Suburbs

Field	Value	VS Hume	Trend
Development applications	0	Bottom 38%	to 0 to Jun 2025
Developments	12.6	Top 13%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	4 lots	Bottom 36%	Data for May 2022
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	0	Bottom 24%	Data for Mar 2025

Housing Stock Quality in Greta West

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Hume	Trend
Houses	100.0%	Top 31%	Data for Jan 2021
Average bedrooms - all homes	2.2	Bottom 26%	74% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Greta West

Greta West Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023

Greta West

17.6%

Hume

25.1%

Compare
Suburbs

	Field	Value	VS Hume	Trend
	Heritage overlay total area	0.0 sq km	Bottom 45%	Data for Jun 2023

Risk in Greta West

Greta West Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Greta West

34.5

Hume

32.1

Compare
Suburbs

Field	Value	VS Hume	Trend
% Owner Occupied	100.0%	Top 11%	Data for May 2023
% Rentals	0.0%	Bottom 11%	Data for May 2023
Housing Affordability Index	33	Top 48%	Data for Jun 2023
Median monthly mortgage	$1,360	Bottom 22%	2% to May 2023
Rent Affordability Index (Houses)	78	Bottom 46%	Data for Jun 2023
Rent Affordability Index (Units)	82	Top 16%	Data for Jun 2023
Mortgage as a percent of income	24.0%	Top 40%	13% to Jan 2021
Mortgaged Dwellings	39.6%	Top 46%	8% to May 2023

Housing Demand in Greta West

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Greta West

43.8%

Hume

49.4%

Compare
Suburbs

Field	Value	VS Hume	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	10200	Bottom 40%	3% to Dec 2036
Historical Population (SA3)	48700	Bottom 33%	11% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	30700	Top 36%	16% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Greta West

Greta West Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Hume	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$306	Bottom 1%	97% to Jan 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	106.0%	Top 13%	61% to Dec 2024

Recently Sold Houses (11)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
234 Thrums Rd	Price Withheld	4.0	2.0	2.0	26 Feb 2025	On Market
18 Mcleans Rd	Price Withheld	3.0	1.0		28 Jan 2023	On Market
18 Mcleans Rd	$400,000	3.0	1.0	1.0	28 Jan 2023	On Market
85 Cheyne St	$787,000	3.0	2.0	2.0	19 Aug 2021	On Market
85 Cheyne St	$787,000	3.0	2.0	2.0	19 Aug 2021	On Market

Planning Applications: Dwellings (3)

Headline	Place	Date
Two Lot Re-subdivision and Use and Development of Land for a Dwelling - Rural City of Wangaratta PlnApp22/089	176 Thrums Road Greta West VIC 3675	22 May 2022
Two Lot Re-subdivision and Use and Development of a Dwelling - Streamlined Planning through Electronic Applications and Referrals S194503E	176 Thrums Road, Greta West VIC 3675	15 May 2022
Use and Development of Land for a Dwelling - Rural City of Wangaratta PlnApp22/033	18 Mcleans Road Greta West VIC 3675	27 Feb 2022

Planning Applications: Other (1)

Headline	Place	Date
Development of Agricultural Building in the Land Subject to Inundation Overlay - Rural City of Wangaratta PlnApp21/245	1008 Glenrowan-Moyhu Road Greta West VIC 3675	03 Nov 2021

LGA Details (1)

Headline	Place	Datetime
Local government area	Wangaratta

Percent of Renters by Street (14)

Percent of Renters	Street
0.0%	Cheyne St
0.0%	Chisholm St
0.0%	Docker-Greta West Rd
50.0%	Glenrowan-Moyhu Rd
0.0%	Kelly Gap Rd

Turnover Rate by Street (12)

Turnover rate	Street	Turnover Label	Turnover Years	Year
75.0%	Mcleans Rd	average turnover	Every 13.3 years (average turnover)	2025
100.0%	Obriens Ln	high turnover	Every 10.0 years (high turnover)	2025
100.0%	Soldiers Ln	high turnover	Every 10.0 years (high turnover)	2025
66.7%	Chisholm St	quite tightly held	Every 15.0 years (quite tightly held)	2025
71.4%	Thrums Rd	average turnover	Every 14.0 years (average turnover)	2025

Median House Sale Prices by Street (24)

Street	Date	Median sale value
Mcleans Rd	31 May 2024	427100.0
Mcleans Rd	30 Jun 2024	429000.0
Mcleans Rd	30 Sep 2024	398200.0
Mcleans Rd	31 Aug 2024	364200.0
Mcleans Rd	31 Aug 2024	394200.0

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
109 Kelly Gap Rd	$1,795,000	4.0	2.0	2.0	12 Oct 2023	On Market
109 Kelly Gap Rd	$1,795,000	4.0	2.0	2.0	12 Oct 2023	On Market
109 Kelly Gap Rd	$1,795,000	4.0	2.0	2.0	12 Oct 2023	On Market
109 Kelly Gap Rd	$1,795,000	4.0	2.0	2.0	12 Oct 2023	On Market
109 Kelly Gap Rd	$1,795,000	4.0	2.0	2.0	12 Oct 2023	On Market