Giving property investors a an average capital gain of 1.74% for the last year, Greystanes, 2145 is the 2388th highest performer in Australia in this respect.
Over the longer term, Greystanes has seen property prices show investors a 14.68% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Greystanes are currently offering property investors an average price cut of -6.03% below the asking price at the moment.
Advertised rents are around the $540 mark per week – giving a return of 3.21% based on the median price in Suburb
Over the last year, property investments in Greystanes, 2145 have given investors a capital gain of 2.29%. This compares averagely with the 1.69% for NSW as a whole.
The five-year average increase in median property values for Greystanes,2145 has given property investors a potential capital gain of 62.38% across each of those five years.
Property buyers and investors in Greystanes 2145 should be seeing an average reduction in asking price of around -3.70% . This means that Greystanes is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
With the median price for a house in Greystanes being $682000 and the advertised rent reaching $472.5 the gross rental yield for property investors calculates out to be 3.60%
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
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Apartments generate opportunity
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