If you compare the increase in value of investment property in Greenway, 2900 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -12.44%.
While Greenway,2900 ranked number 31th in ACT for increase in median house value (annualised) increase, it is ranked 38th over the last 5 years.
Property investors looking for a bargain in Greenway should be aiming for at least -5.32% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 69 properties changed hands in Greenway, which puts it as the 12th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 1.59%, investors should hope to achieve an overall return of 6.08%