The suburb’s capital gain of 0.22% for the past year is lower than average compared to its 24% growth within a five-year period.
Also in GREENACRES, the median home price is sitting at $446,000, and the average rent at $360, this suggests property owners could potentially earn a 4.2% increase in gross rental yield.
Property investors have seen a 0.22% 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 5.7% growth over a ten-year period. It ranks 1319th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.22%||N/A|
|Median 3 years||16.45%||N/A|
|Median 5 years||24%||N/A|
|10 years average annual||5.7%||N/A|
|Weekly media advert. rent||$360||N/A|
|Time on Market||71.0 days||N/A|
|Gross Rental Yield Percent||4.2%||N/A|