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GRETA, 2334 ranks 5th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 84.14% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $524,790.
The upward trend in home prices in GRETA, 2334 averaged 9.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 4.46% increase in returns based on the current median price in GRETA.
An average of 7.83 real estate transactions take place per month in GRETA which translates to 94 per annum.
94 properties were sold in GRETA in 2016, making it the 31st most active market in NSW based on total real estate transactions.
GRETA, 2334 places 42nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||84.14%||N/A|
|Median 3 years||29.58%||N/A|
|Median 5 years||38.1%||N/A|
|10 years average annual||7.89%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||34.1 days||N/A|
|Gross Rental Yield Percent||4.46%||N/A|