Greenwich has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.74% to date .
Greenwich,2065 was ranked 2095 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Greenwich itself are offering an average vendor discount of -15.24% to real estate investors.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
Greenwich is 1080th on a list of best yielding suburbs for rents in NSW with a 2.40% return
Over the last year, property investments in Greenwich, 2065 have given investors a capital gain of -1.11%. This compares badly with the 5.73% for NSW as a whole.
Greenwich,2065 was ranked 746 in Australia by increase in median property value over the quarter.
The most recent median price for Greenwich is $723000, with sellers offering an average of -9.57% off the asking price.
Advertised rents are around the $562.5 mark per week – giving a return of 4.05% based on the median price in Suburb