Giving property investors a an average capital gain of 6.52% for the last year, Greystanes, 2145 is the 1966th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Greystanes,2145 has racked up an average of 6.52% over the period. This ranks it number 827th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Greystanes is $850000, with sellers offering an average of -3.84% off the asking price.
On average over the past year, suburb has had 21.92 sales per month, which equates to 263 per year.
Situated 23.59km from the CBD, Greystanes is one of Holroyd localities in the postcode 2145.
If you compare the increase in value of investment property in Greystanes, 2145 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.68%.
Greystanes,2145 was ranked 415 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Greystanes should be aiming for at least -2.89% off the asking price, which is the average vendor discount being achieved at the moment.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.91%, without taking into account capital value appreciation, which has been averaging out at 8.21%.