Suburb Profile Report for Greenacre NSW (2190)

Greenacre House: Median price $925,000, Annual capital growth 8.65%, Number of sales 274, Weekly median advertised rent $550

Greenacre Unit: Median price $649,500, Annual capital growth 8.97%, Number of sales 78, Weekly median advertised rent $468

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Greenacre has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.06%

Greenacre,2190 has offered an average of 8.06% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Greenacre is giving property investors an average Vendor Discount of around -6.02%. This puts suburb at number 328th in NSW when ranking the most discounted suburbs.

Situated 13.65km from the CBD, Greenacre is one of Bankstown localities in the postcode 2190.

Giving property investors a a stable capital gain of 11.60% for the last year, Greenacre, 2190 is the 389th highest performer in Australia in this respect.

Across a shorter period, Greenacre, 2190 has seen a median price increase of 4.42% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Greenacre is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 143th in terms of most discounted suburbs in NSW

Greenacre, 2190’s gross rental yield is 3.74%

Metrics i HOUSE UNIT
$925,000 $649,500
3.35% 4.42%
8.06% 11.60%
8.65% 8.97%
$550 $468
274 78
3.09% 3.74%
86.02 79.59

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 23212
Median household income ($/weekly) 959
Median age of persons 32
Median housing loan repayment ($/monthly) 2100
Average household size 3.3
  • Census Count Percent(%)
    5-14 years 3873 16.7
    25-34 years 2989 12.9
    35-44 years 2887 12.4
    45-54 years 2892 12.5
    55-64 years 2208 9.5
    Others 8363 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 8457 52.0
    Not Married 7473 45.9
    Defacto Relationship 349 2.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12643 57.7
    Lebanon 420 1.9
    Malaysia 3380 15.4
    Viet Nam 522 2.4
    Other 1808 8.2
    Others 3153 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 674 3.1
    Christianity 10763 49.3
    Hinduism 226 1.0
    Islam 9032 41.4
    No Religion 990 4.5
    Others 151 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 768 12.9
    $600-$799 661 11.1
    $800-$999 583 9.8
    $1,000-$1,249 601 10.1
    $1,500-$1,999 653 11.0
    Others 2681 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7991 48.9
    Employed, worked full-time 4640 28.4
    Employed, worked part-time 2373 14.5
    Unemployed, looking for work 734 4.5
    Employed, away from work 596 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 833 11.0
    Professionals 1250 16.4
    Technicians & trades workers 1183 15.6
    Clerical & administrative workers 1213 15.9
    Sales 788 10.4
    Others 2339 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 456 7.1
    Infants/Primary 2311 35.8
    Secondary 1975 30.6
    Technical or Further Educational Institution 567 8.8
    University or other Tertiary Institutions 1008 15.6
    Others 143 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16244 73.4
    Semi-detached, row or terrace house, townhouse 4969 22.5
    Flat, unit or apartment 870 3.9
    House or flat attached to a shop, office 47 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2305 35.4
    Fully owned 2162 33.2
    Rented 1981 30.5
    Other tenure type 57 0.9
    Tenure Type
Census 2011, ABS
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