Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
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 $315,000.
The downward trend in home prices in GRETA, 2334 averaged -5.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $395 mark, reflecting a 6.52% increase in returns based on the current median price in GRETA.
An average of 10.25 real estate transactions take place per month in GRETA which translates to 123 per annum.
123 properties were sold in GRETA in 2016, making it the 1298th most active market in NSW based on total real estate transactions.
GRETA, 2334 places 52nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5%||N/A|
|Median 3 years||-16%||N/A|
|Median 5 years||-3.08%||N/A|
|10 years average annual||2.12%||N/A|
|Weekly media advert. rent||$395||N/A|
|Time on Market||75.3 days||N/A|
|Gross Rental Yield Percent||6.52%||N/A|