Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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The suburb’s capital gain of -0.82% for the past year is lower than average compared to its 39.25% growth within a five-year period.
Also in GREENWICH, the median home price is sitting at $2,785,000, and the average rent at $1250, this suggests property owners could potentially earn a 2.33% increase in gross rental yield.
Property investors have seen a -3.97% 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% growth over a ten-year period. It ranks 579th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,785,000 | $735,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.97% | -4.42% |
| Median 12 month | -0.82% | -11.07% |
| Median 3 years | 17.76% | -2.2% |
| Median 5 years | 39.25% | 9.29% |
| 10 years average annual | 7% | 4.38% |
| Weekly media advert. rent | $1250 | $565 |
| Time on Market | 49.1 days | 51.8 days |
| Gross Rental Yield Percent | 2.33% | 4% |
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