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Greystanes
AREA REPORTS

Greystanes

Greystanes - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2145

house
unit

Property investments in GREYSTANES did not fare well against the rest of the country last year, registering a median home price decrease of 9.2%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GREYSTANES, 2145 saw average growth in the long term.

Real estate investors could earn a rental income of $500 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 32.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $910,000.

GREYSTANES ranks 736th on the list of best yielding suburbs for rental properties in NSW, posting a 2.86% return.

Data report can be found below

Greystanes
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $910,000 $670,500
GROWTH REPORT
Median Quarterly 4.6% 2.9%
Median 12 month 9.2% 3.82%
Median 3 years 4% -2.44%
Median 5 years 13.75% 16.61%
10 years average annual 6.89% 8.34%
Weekly media advert. rent $500 $460
Time on Market 32.4 days 29.8 days
Gross Rental Yield Percent 2.86% 3.57%
demographics (median values)*
Total Population
79211
Weekly Household Income
1712
Household Size
3.00
Age
34
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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