If you compare the increase in value of investment property in Greenwich, 2065 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.08%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Greenwich has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Greenwich should be aiming for at least -15.24% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2204 in a list of fastest selling suburbs, Greenwich is just in the bottom half of suburbs in Australia with an average of days on market 88.53 for properties listed there.
The NSW suburb of Greenwich, 2065 is in the Lane Cove local government area.
NSW has seen average median house prices change by 5.88% which means that Greenwich, 2065 has done well for property investors by showing a capital gain of 1.56% over the last year
Taking the average capital gain, or increase in median house value, Greenwich,2065 has racked up an average of 1.56% over the period. This ranks it number 434th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Greenwich itself are offering an average vendor discount of -3.41% to real estate investors.
Often selling an investment property can take time, and in Greenwich the average time real estate has been on the market is 51.19 days.
Renters in Suburb are facing rents around $6810 per annum or $567.5 every week.