Property investments in GREENWAY fare well against the rest of the country last year, registering a median home price increase of 13.82%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains GREENWAY, 2900 saw average growth in the long term.
Real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 80.1 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $560,000.
GREENWAY ranks 2nd on the list of best yielding suburbs for rental properties in ACT, posting a 5.85% return.
Based on its average 5-year and quarterly capital gains GREENWAY, 2900 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in GREENWAY, 2900 averaged 0.38% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 5.14% increase in returns based on the current median price in GREENWAY.
An average of 14.75 real estate transactions take place per month in GREENWAY which translates to 177 per annum.
177 properties were sold in GREENWAY during the past year, making it the 45th most active market in ACT based on total real estate transactions.
GREENWAY, 2900 places 31st in Australia based on median property value growth during the quarter.