The suburb’s capital gain of 0.21% for the past year is lower than average compared to its 46.62% growth within a five-year period.
Also in GREENWICH, the median home price is sitting at $2,365,000, and the average rent at $1200, this suggests property owners could potentially earn a 2.64% increase in gross rental yield.
Property investors have seen a -2.47% 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 7.44% growth over a ten-year period. It ranks 735th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.21%||6.9%|
|Median 3 years||30.12%||27.15%|
|Median 5 years||46.62%||32.48%|
|10 years average annual||7.44%||9.23%|
|Weekly media advert. rent||$1200||$580|
|Time on Market||0.0 days||61.8 days|
|Gross Rental Yield Percent||2.64%||3.89%|