Giving property investors a an average capital gain of 6.10% for the last year, Greenacres, 5086 is the 1681th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Greenacres has given property investors a paper return of -0.68%. This puts Suburb as 300 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Greenacres itself are offering an average vendor discount of -7.39% to real estate investors.
On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.
With the median price for a house in Greenacres being $435000 and the advertised rent reaching $367.5 the gross rental yield for property investors calculates out to be 4.39%