Suburb Profile Report for Greystanes NSW (2145)

Greystanes House: Median price $875,000, Annual capital growth 8.09%, Number of sales 240, Weekly median advertised rent $530

Greystanes Unit: Median price $674,750, Annual capital growth 9.19%, Number of sales 24, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Greystanes is in the bottom 40% in NSW when comparing median price capital growth over the last year. Greystanes gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.24%.

While Greystanes,2145 ranked number 854th in NSW for increase in median house value (annualised) increase, it is ranked 628th over the last 5 years.

The most recent median price for Greystanes is $875000, with sellers offering an average of -5.13% off the asking price.

Often selling an investment property can take time, and in Greystanes the average time real estate has been on the market is 44.37 days.

Greystanes has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.47% to date .

The five-year average increase in median property values for Greystanes,2145 has given property investors a potential capital gain of 70.40% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.67% offered to property buyers. Sellers in Greystanes itself are offering an average vendor discount of -4.07% to real estate investors.

Often selling an investment property can take time, and in Greystanes the average time real estate has been on the market is 68.31 days.

Greystanes is 385th on a list of best yielding suburbs for rents in NSW with a 3.70% return

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
$875,000 $674,750
-0.34% 0.49%
3.24% 1.47%
8.09% 9.19%
$530 $480
240 24
3.15% 3.70%
44.37 68.31

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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