Giving property investors a an average capital gain of 7.20% for the last year, Greystanes, 2145 is the 1970th highest performer in Australia in this respect.
Across a shorter period, Greystanes, 2145 has seen a median price increase of 1.03% over the last quarter.
Property buyers and investors in Greystanes 2145 should be seeing an average reduction in asking price of around -4.59% . This means that Greystanes is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Greystanes the average time real estate has been on the market is 38.03 days.
Greystanes, 2145’s gross rental yield is 3.08%
With a capital gain of 7.52% for the last 12 months, Greystanes, 2145 has performed for property investments than its average annual 9.01% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Greystanes,2145 has racked up an average of 7.52% over the period. This ranks it number 626th in the whole country for real estate investors looking at median house price increases.
At number 319th of NSW’s most discounted properties, Greystanes is in the TOP 40% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Greystanes being $671444 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.72%
A suburb of Sydney, Greystanes is located around 29km west of the CBD. It was founded in the 1790s and remains one of the oldest suburbs in Sydney, and indeed Australia, though today it has all of the conveniences and attractions of a modern neighbourhood – including the Greystanes Shopping Centre, which was refurbished a few years agoFull summary
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Apartments generate opportunity
Median unit price: $665,500
Three-year growth: 21.0%
Rental yield: 3.9%
A suburb of Sydney, Greystanes is located around 29km west of the CBD. It was founded in the 1790s and remains one of the oldest suburbs in Sydney, and indeed Australia, though today it has all of the conveniences and attractions of a modern neighbourhood – including the Greystanes Shopping Centre, which was refurbished a few years ago.
As with many suburbs across Sydney, the housing market in Greystanes has becoming highly unaffordable for many, though the unit market represents an opportunity for buyers who are on a budget.
There are several churches and schools in the area, and residents are 10 minutes from the employment hub of Parramatta, with regular bus services to the centre of Sydney in around 45 minutes. Greystanes is also around 10-15 minutes from Westmead Hospital, another local employment node.Close