Suburb Profile Report for Greenway ACT (2900)

Greenway House: Median price $405,000, Annual capital growth -12.09%, Number of sales 10, Weekly median advertised rent $460

Greenway Unit: Median price $400,000, Annual capital growth 0.18%, Number of sales 85, Weekly median advertised rent $440

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Greenway, 2900 ranked 93th in ACT when comparing growth in median property values or capital gain over the last 12 months. Greenway is one of 126 in our list for ACT

Situated 16.07km from the CBD, Greenway is one of Unincorporated ACT localities in the postcode 2900.

Investment property in Greenway has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.31%

Across a shorter period, Greenway, 2900 has seen a median price increase of 1.66% over the last quarter.

The most recent median price for Greenway is $400000, with sellers offering an average of -4.35% off the asking price.

With the median price for a house in Greenway being $400000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 5.72%

Information supplied by:


March 2018

M
O

W
E

Vacancies increase in recovering suburb

Postcode: 2900

Median unit price: $369,000

Vacancy rate: 4.0%

Three-year growth: -9.8%

Named for architect Francis Greenway, this Tuggeranong suburb is showing signs of recovery after a period of decline. However, the lack of confidence has become clear in the increase of the average vacancy rate from 1.5% to 4%.

Up until 2014, Greenway saw apartment prices drop, which could have influenced perceptions on the suburb’s potential. Nonetheless, at present, values are low and yields are quite high, so this could open opportunities for investors.

Greenway is home to the Tuggeranong Town Centre, which is the home of amenities like malls, the Tuggeranong Hyperdome, a bus interchange, the Tuggeranong Arts Centre, and Lake Tuggeranong College. Lake Tuggeranong is one of the suburb’s borders, and is a great spot for recreational activity.

Metrics i HOUSE UNIT
$405,000 $400,000
N/A 1.66%
-20.59% 2.31%
-12.09% 0.18%
$460 $440
10 85
5.91% 5.72%
N/A 89.375

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 1453
Median household income ($/weekly) 1699
Median age of persons 35
Median housing loan repayment ($/monthly) 1888
Average household size 2
  • Census Count Percent(%)
    20-24 years 123 8.5
    25-34 years 343 23.6
    35-44 years 194 13.4
    45-54 years 164 11.3
    55-64 years 201 13.8
    Others 428 29.5
    Age Group
    Census Count Percent(%)
    Not Married 600 50.0
    Registered Married 460 38.3
    Defacto Relationship 141 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 998 70.6
    Indonesia 68 4.8
    Papua New Guinea 24 1.7
    United Kingdom 89 6.3
    Other 62 4.4
    Others 172 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 51 3.7
    Christianity 790 57.6
    Hinduism 50 3.6
    Islam 44 3.2
    No Religion 415 30.2
    Others 22 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 47 7.3
    $1,250-$1,499 62 9.6
    $1,500-$1,999 99 15.3
    $2,000-$2,499 86 13.3
    $2,500-$2,999 90 13.9
    Others 262 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 674 53.3
    Not in the labour force 337 26.6
    Employed, worked part-time 181 14.3
    Employed, away from work 50 4.0
    Unemployed, looking for work 23 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 141 15.5
    Professionals 276 30.4
    Technicians & trades workers 82 9.0
    Community & personal service workers 70 7.7
    Clerical & administrative workers 200 22.1
    Others 138 15.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 62 26.2
    Secondary 55 23.2
    Technical or Further Educational Institution 49 20.7
    University or other Tertiary Institutions 46 19.4
    Other type of educational institution 14 5.9
    Others 11 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 817 58.4
    Flat, unit or apartment 422 30.2
    Separate house 159 11.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 342 49.5
    Fully owned 181 26.2
    Being purchased 162 23.4
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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