If you compare the increase in value of investment property in Greenway, 2900 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 7.62%.
Greenway,2900 was ranked 47 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Greenway are currently offering property investors an average price cut of -6.16% below the asking price at the moment.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.80%, investors should hope to achieve an overall return of 5.43%