GREENACRES ranks 325th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 0.45% for the past year is lower than average compared to its 24.22% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in GREENACRES, the median home price is sitting at $447,000, and the average rent at $370, this suggests property owners could potentially earn a 4.3% increase in gross rental yield.
Property investors have seen a 0.45% 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 4.63% growth over a ten-year period. It ranks 1641st on our list of suburbs that property investors should look into.
GREENACRES, 5086 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 $232,000.
Real estate investors could earn a rental income of $270 based on current median home prices for the suburb.
Home owners selling their properties and realtors in GREENACRES usually have to wait an average of 46.2 days days before their assets are lifted off the market.
GREENACRES ranks 33rd on the list of best yielding suburbs for rental properties in SA, posting a 6.05% return.