With a capital gain of 4.29% for the last 12 months, Greenway, 2900 has performed for property investments than its average annual -0.46% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Greenway comes in at number 52th in ACT.
Greenway, 2900 is offering ACT ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this ACT.
Residents and property investors in Greenway have been waiting around 61.45 days to sell a property.
Situated 7.82km from the CBD, Greenway is one of Unincorporated ACT localities in the postcode 2900.
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March 2018
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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%Full summary
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.
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