Property value increases in Greenacre have tracked just lower than the NSW average of 9.05% over the last 12 months.
Greenacre,2190 has offered an average of 4.65% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Greenacre are currently offering property investors an average price cut of -6.22% below the asking price at the moment.
At number 2366 in a list of fastest selling suburbs, Greenacre is in the bottom 40% of suburbs in Australia with an average of days on market 91.6 for properties listed there.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 8.37%, investors should hope to achieve an overall return of 3.18%
Over the last year, property investments in Greenacre, 2190 have given investors a capital gain of 9.82%. This compares favourably with the 6.22% for NSW as a whole.
Across a shorter period, Greenacre, 2190 has seen a median price increase of 0.33% over the last quarter.
The most recent median price for Greenacre is $615000, with sellers offering an average of -4.51% off the asking price.
The NSW suburb of Greenacre, 2190 is in the Bankstown local government area.