‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Based on its average 5-year and quarterly capital gains GREENACRE, 2190 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that GREENACRE, 2190 obtained a 7.56% growth over a ten-year period. It ranks 352nd on our list of suburbs that property investors should look into.
GREENACRE, 2190 in NSW belongs to the local government area of Canterbury-Bankstown (A).
GREENACRE, 2190 has a capital gain of -1.9% for the past year, which is lower than average compared to its 26.57% growth within a five-year period.
With the median home price in GREENACRE sitting at $905,000, and the average rent at $590, property owners could potentially earn a 3.39% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GREENACRE are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $905,000 | $575,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.67% | -4.56% |
| Median 12 month | -1.9% | -8% |
| Median 3 years | 2.84% | -5.97% |
| Median 5 years | 26.57% | 22.47% |
| 10 years average annual | 7.56% | 6.03% |
| Weekly media advert. rent | $590 | $450 |
| Time on Market | 80.6 days | 80.9 days |
| Gross Rental Yield Percent | 3.39% | 4.07% |
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