Greta

POSTAL CODE: NSW, 2334

HOUSE

GRETA, 2334 ranks 815th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.98% 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 $815,000.

The upward trend in home prices in GRETA, 2334 averaged 7.02% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 3.83% increase in returns based on the current median price in GRETA.

An average of 5.83 real estate transactions take place per month in GRETA which translates to 70 per annum.

70 properties were sold in GRETA in 2016, making it the 167th most active market in NSW based on total real estate transactions.

GRETA, 2334 places 180th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$815,000	N/A
Growth Report
Median Quarterly	6.5%	N/A
Median 12 month	18.98%	N/A
Median 3 years	21.05%	N/A
Median 5 years	147.72%	N/A
10 years average annual	11.56%	N/A
Weekly media advert. rent	$600	N/A
Time on Market	49.8 days	N/A
Gross Rental Yield Percent	3.83%	N/A

Demographics (Median Values)*

Total Population 2830

Weekly Household Income 1412

Household Size 2.70

Average Age 33

Monthly Loan Repayment 1647

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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