Over the last year, property investments in Greystanes, 2145 have given investors a capital gain of 2.01%. This compares badly with the 5.53% for NSW as a whole.
The five-year average increase in median property values for Greystanes,2145 has given property investors a potential capital gain of 64.62% across each of those five years.
Our latest figures would indicate that property sellers in Greystanes are currently offering property investors an average price cut of -5.50% below the asking price at the moment.
The NSW suburb of Greystanes, 2145 is in the Holroyd local government area.
Greystanes is an average performer in NSW when comparing median price capital growth over the last year. Greystanes gave property investors a good capital gain figure when compared to the rest of the state, with 4.36%.
When looking at the potential capital gains offered to property investors over the last 3 years, Greystanes comes in at number 288th in NSW.
At number 369th of NSW’s most discounted properties, Greystanes is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 310 in a list of fastest selling suburbs, Greystanes is in the TOP 30% of suburbs in Australia with an average of days on market 50.09 for properties listed there.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
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