Suburb Profile Report for Greystanes NSW (2145)

Greystanes House: Median price $880,000, Annual capital growth 8.17%, Number of sales 245, Weekly median advertised rent $523

Greystanes Unit: Median price $672,000, Annual capital growth 9.06%, Number of sales 27, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

Information supplied by:


November 2017

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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

Apartments generate opportunity

Postcode: 2145

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
Metrics i HOUSE UNIT
$880,000 $672,000
0.86% 1.01%
7.32% 4.88%
8.17% 9.06%
$523 $480
245 27
3.09% 3.71%
40.8 62.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Greystanes NSW
Demographics
Total population 21702
Median household income ($/weekly) 1379
Median age of persons 38
Median housing loan repayment ($/monthly) 2167
Average household size 3
  • Census Count Percent(%)
    5-14 years 2781 12.8
    25-34 years 2818 13.0
    35-44 years 3042 14.0
    45-54 years 2664 12.3
    55-64 years 2901 13.4
    Others 7498 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 9446 57.8
    Not Married 6186 37.8
    Defacto Relationship 713 4.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 14258 68.3
    Malaysia 664 3.2
    Netherlands 772 3.7
    United Kingdom 490 2.3
    Other 1172 5.6
    Others 3518 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 305 1.5
    Christianity 17003 82.1
    Hinduism 523 2.5
    Islam 1016 4.9
    No Religion 1661 8.0
    Others 198 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 613 9.6
    $600-$799 576 9.1
    $800-$999 564 8.9
    $1,500-$1,999 907 14.3
    $2,000-$2,499 715 11.2
    Others 2984 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6570 39.5
    Not in the labour force 6036 36.3
    Employed, worked part-time 2839 17.1
    Employed, away from work 667 4.0
    Unemployed, looking for work 534 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 1087 10.8
    Professionals 1699 16.9
    Technicians & trades workers 1532 15.2
    Clerical & administrative workers 2091 20.8
    Sales 992 9.8
    Others 2676 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 419 8.3
    Infants/Primary 1775 35.0
    Secondary 1483 29.3
    Technical or Further Educational Institution 449 8.9
    University or other Tertiary Institutions 824 16.3
    Others 115 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19276 92.5
    Semi-detached, row or terrace house, townhouse 1451 7.0
    Flat, unit or apartment 109 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3118 45.0
    Being purchased 2630 37.9
    Rented 1162 16.8
    Other tenure type 24 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals