The suburb’s capital gain of 1.19% for the past year is lower than average compared to its 49.95% growth within a five-year period.
Also in GREENWICH, the median home price is sitting at $2,388,000, and the average rent at $1150, this suggests property owners could potentially earn a 2.5% increase in gross rental yield.
Property investors have seen a -2.93% drop in GREENWICH based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.11% growth over a ten-year period. It ranks 863rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.19%||8.91%|
|Median 3 years||30.14%||24.3%|
|Median 5 years||49.95%||34.48%|
|10 years average annual||7.11%||9.52%|
|Weekly media advert. rent||$1150||$585|
|Time on Market||91.3 days||66.2 days|
|Gross Rental Yield Percent||2.5%||3.9%|