Investment property in Greenacre has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.01%
Greenacre,2190 has offered an average of 1.01% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Greenacre is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 287th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Greenacre the average time real estate has been on the market is 95.94 days.
Greenacre, 2190’s gross rental yield is 3.27%
At number 362th in the list of Australian suburbs ordered by increase in median house value over the last year, Greenacre, 2190 is in the top 30% with a property value increase of 10.93% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Greenacre comes in at number 103th in NSW.
Vendor discounting in Greenacre is giving property investors an average Vendor Discount of around -4.20%. This puts suburb at number 244th in NSW when ranking the most discounted suburbs.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 8.20%.