Suburb Profile Report for Greenway ACT (2900)

Greenway Unit: Median price $401,500, Annual capital growth -0.33%, Number of sales 100, Weekly median advertised rent $445

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Greenway is in the bottom 40% in ACT when comparing median price capital growth over the last year. Greenway gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.65%.

The five-year average increase in median property values for Greenway,2900 has given property investors a potential capital gain of -11.17% across each of those five years.

Property investors looking for a bargain in Greenway should be aiming for at least -4.51% off the asking price, which is the average vendor discount being achieved at the moment.

The ACT suburb of Greenway, 2900 is in the Unincorporated ACT local government area.

Information supplied by:


March 2018

M
O

W
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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
N/A $401,500
N/A -0.12%
N/A 1.65%
N/A -0.33%
N/A $445
N/A 100
N/A 5.76%
N/A 93.1186440677966

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Good (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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