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Greenwith

POSTAL CODE: SA, 5125
HOUSE

Property investments in GREENWITH fare well against the rest of the country last year, registering a median home price increase of 22.54%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GREENWITH, 5125 saw average growth in the long term.

Real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 44.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $925,183.

GREENWITH ranks 240th on the list of best yielding suburbs for rental properties in SA, posting a 3.26% return.

Surburb overview

Greenwith, located approximately 20 kilometres northeast of Adelaide’s central business district, is a modern and family-friendly suburb within the City of Tea Tree Gully. Known for its leafy streets, parks, and strong sense of community, Greenwith is a popular choice for families, young professionals, and retirees. The suburb has a population of around 8,000 residents and offers a blend of suburban tranquillity and easy access to urban amenities.

The demographic of Greenwith consists mainly of families, with a mix of young professionals and older residents. Many homes in the area are owner-occupied, and the suburb features modern housing developments, including a variety of detached homes and townhouses. The median age in Greenwith is close to the national average, making it appealing to a wide range of people, particularly families seeking a suburban lifestyle with access to good schools and parks.

Public transport in Greenwith is well-established, with multiple bus routes connecting the suburb to the Adelaide CBD via the O-Bahn busway, providing a fast and efficient commute. The suburb’s location near Golden Grove Road also allows for easy access by car to surrounding areas, including nearby suburbs such as Golden Grove, Wynn Vale, and Tea Tree Plaza.

Greenwith offers a range of local amenities, with several shopping centres nearby, including the Golden Grove Village Shopping Centre, which provides supermarkets, cafes, restaurants, and specialty stores. The suburb is also known for its abundance of parks and recreational areas, such as Cobbler Creek Recreation Park and Greenwith Oval, offering green spaces for sports, picnics, walking, and outdoor activities.

Educational facilities in Greenwith include Greenwith Primary School and Our Lady of Hope School, making the suburb a popular choice for families with school-aged children. For secondary education, nearby schools such as Golden Grove High School and Pedare Christian College serve the community.

With its modern housing, excellent transport links, access to schools and shopping, and abundance of parks, Greenwith is a highly desirable suburb for a wide range of residents seeking a balanced, family-friendly lifestyle within close proximity to both nature and city conveniences.

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