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Greenacres

POSTAL CODE: SA, 5086
HOUSE
GREENACRES ranks 405th in SA when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 3.53% for the past year is lower than average compared to its 82.76% growth within a five-year period.

Also in GREENACRES, the median home price is sitting at $895,500, and the average rent at $660, this suggests property owners could potentially earn a 3.83% increase in gross rental yield.

Property investors have seen a 0.06% gain in GREENACRES based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.56% growth over a ten-year period. It ranks 815th on our list of suburbs that property investors should look into.

Surburb overview

Greenacres, located approximately 8 kilometres northeast of Adelaide’s central business district, is a well-established residential suburb in the City of Port Adelaide Enfield. Known for its affordable housing, convenient location, and strong sense of community, Greenacres is a popular choice for families, professionals, and retirees. The suburb has a population of around 4,500 residents and offers a mix of older homes and more modern developments.

The demographic of Greenacres is diverse, with a multicultural population contributing to the suburb’s vibrant community. Many residents speak languages other than English at home, reflecting the suburb’s rich cultural background. The median age in Greenacres is slightly below the national average, with the area attracting younger families and professionals due to its affordable housing options and proximity to the city.

Public transport in Greenacres is excellent, with multiple bus routes connecting the suburb to the Adelaide CBD and surrounding areas. Hampstead Road and North East Road, major thoroughfares, provide easy access for those commuting by car. The nearby O-Bahn busway is also accessible, offering a fast and efficient public transport link to the city.

Greenacres offers a variety of local amenities, including the Greenacres Shopping Centre, which features supermarkets, cafes, and specialty stores. For additional retail and entertainment options, the nearby Northgate Shopping Centre and Tea Tree Plaza are easily accessible. The suburb is also home to several parks and recreational areas, such as Greenacres Reserve and Hampstead Rehabilitation Centre Park, providing open spaces for sports, picnics, and family activities.

Educational facilities in Greenacres include Greenacres Primary School and nearby Cedar College, making it a convenient location for families with school-aged children. The suburb’s combination of affordable housing, multicultural community, and proximity to both the city and essential amenities makes Greenacres an appealing choice for a wide range of residents.

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