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 8.8% growth over a ten-year period. It ranks 285th on our list of suburbs that property investors should look into.
GREENACRE, 2190 in NSW belongs to the local government area of Bankstown.
GREENACRE, 2190 has a capital gain of 8.98% for the past year, which is lower than average compared to its 72.17% growth within a five-year period.
With the median home price in GREENACRE sitting at $965,000, and the average rent at $580, property owners could potentially earn a 3.13% 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.
A steady increase in median property prices over a five-year period in GREENACRE, 2190 translates to a 36.53% capital gain.
Property investors enjoyed capital gains of 1.27% over the last 12 months in GREENACRE, translating to lower returns compared with its peers in NSW.
GREENACRE, 2190 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $640,000.
Profits due to an upward trend in home prices in GREENACRE, 2190 averaged 12.18% per annum over a 3-year period.
Home owners selling their properties and realtors in GREENACRE usually have to wait an average of 73.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $475 mark, reflecting a 3.86% increase in returns based on the current median price in GREENACRE.
GREENACRE, 2190 places 430th in Australia based on median property value growth during the quarter.