Suburb Profile Report for Greenwich NSW (2065)

Greenwich House: Median price $2,415,000, Annual capital growth 7.83%, Number of sales 47, Weekly median advertised rent $1,050

Greenwich Unit: Median price $718,675, Annual capital growth 6.49%, Number of sales 54, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.15% which means that Greenwich, 2065 has done well for property investors by showing a capital gain of 17.80% over the last year

The five-year average increase in median property values for Greenwich,2065 has given property investors a potential capital gain of 47.26% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Greenwich itself are offering an average vendor discount of -8.47% to real estate investors.

A $1050 per week rent on the median house gives suburb investors a gross yield of circa 2.26%, without taking into account capital value appreciation, which has been averaging out at 7.83%.

Giving property investors a an unimpressive capital gain of -1.76% for the last year, Greenwich, 2065 is the 1237th highest performer in Australia in this respect.

Comparing Greenwich,2065 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Greenwich, 2065. Typically our figures indicate that -6.95% is being offered, which puts this NSW suburb at 279th most discounted overall in Australia.

Renters in Suburb are facing rents around $6600 per annum or $550 every week.

HOUSE UNIT
$2,415,000 $718,675
4.09% -1.55%
17.80% -1.76%
7.83% 6.49%
$1,050 $550
47 54
2.26% 3.98%
85.26 40.23

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 5178
Median household income ($/weekly) 2358
Median age of persons 39
Median housing loan repayment ($/monthly) 2800
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 583 11.3
    25-34 years 714 13.8
    35-44 years 728 14.1
    45-54 years 732 14.1
    55-64 years 671 13.0
    Others 1751 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 1993 51.0
    Not Married 1568 40.1
    Defacto Relationship 347 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3349 67.2
    Croatia 116 2.3
    Papua New Guinea 153 3.1
    United Kingdom 357 7.2
    Other 331 6.6
    Others 678 13.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 94 2.0
    Christianity 2975 62.6
    Hinduism 107 2.3
    Judaism 54 1.1
    No Religion 1462 30.7
    Others 63 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 180 10.3
    $2,000-$2,499 146 8.4
    $2,500-$2,999 284 16.3
    $3,000-$3,499 153 8.8
    $4,000 or more 285 16.3
    Others 697 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1859 44.5
    Not in the labour force 1271 30.4
    Employed, worked part-time 789 18.9
    Employed, away from work 135 3.2
    Unemployed, looking for work 124 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 495 17.8
    Professionals 1243 44.7
    Community & personal service workers 194 7.0
    Clerical & administrative workers 361 13.0
    Sales 190 6.8
    Others 299 10.7
    Occupation
    Census Count Percent(%)
    Pre-school 82 6.3
    Infants/Primary 375 28.6
    Secondary 347 26.4
    Technical or Further Educational Institution 86 6.6
    University or other Tertiary Institutions 371 28.3
    Others 51 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2991 62.4
    Flat, unit or apartment 1543 32.2
    Semi-detached, row or terrace house, townhouse 246 5.1
    House or flat attached to a shop, office 12 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 749 39.1
    Rented 581 30.3
    Being purchased 550 28.7
    Other tenure type 38 2.0
    Tenure Type
Census 2011, ABS
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