Over the last year, property investments in Greenway, 2900 have given investors a capital gain of 3.57%. This compares favourably with the 1.52% for ACT as a whole.
Comparing Greenway,2900 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 9th of ACT’s most discounted properties, Greenway is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Greenway the average time real estate has been on the market is 64.64 days.
The ACT suburb of Greenway, 2900 is in the Unincorporated ACT local government area.
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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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