‘Wealth taxes’ in property prompt lobbying for new minister
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...
The suburb’s capital gain of 3.95% for the past year is lower than average compared to its 59.5% growth within a five-year period.
Also in GREENWICH, the median home price is sitting at $2,552,000, and the average rent at $1200, this suggests property owners could potentially earn a 2.45% increase in gross rental yield.
Property investors have seen a -0.16% 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 6.98% growth over a ten-year period. It ranks 964th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,552,000 | $785,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.16% | 0.64% |
| Median 12 month | 3.95% | 3.29% |
| Median 3 years | 27.6% | 16.73% |
| Median 5 years | 59.5% | 37.96% |
| 10 years average annual | 6.98% | 7.49% |
| Weekly media advert. rent | $1200 | $580 |
| Time on Market | 0.0 days | 42.7 days |
| Gross Rental Yield Percent | 2.45% | 3.84% |
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