Suburb Profile Report for Greenacre NSW (2190)

Greenacre House: Median price $950,000, Annual capital growth 8.81%, Number of sales 252, Weekly median advertised rent $560

Greenacre Unit: Median price $652,500, Annual capital growth 8.99%, Number of sales 81, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Greenacre has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.72%

If we look at median property appreciation over just the last three months, Greenacre has given property investors a paper return of 2.15%. This puts Suburb as 671 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Greenacre should be aiming for at least -7.18% off the asking price, which is the average vendor discount being achieved at the moment.

Greenacre, 2190’s gross rental yield is 3.07%

NSW has seen average median house prices change by 8.39% which means that Greenacre, 2190 has done well for property investors by showing a capital gain of 6.70% over the last year

Taking the average capital gain, or increase in median house value, Greenacre,2190 has racked up an average of 6.70% over the period. This ranks it number 198th in the whole country for real estate investors looking at median house price increases.

Greenacre2190 is located in NSW which offers an average discount of -4.11% to property investors. Greenacre itself is showing figures that indicate -4.70% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $470 mark per week – giving a return of 3.75% based on the median price in Suburb

Metrics i HOUSE UNIT
$950,000 $652,500
2.15% -0.38%
10.72% 6.70%
8.81% 8.99%
$560 $470
252 81
3.07% 3.75%
85.1 47.24

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 23212
Median household income ($/weekly) 959
Median age of persons 32
Median housing loan repayment ($/monthly) 2100
Average household size 3.3
  • Census Count Percent(%)
    5-14 years 3873 16.7
    25-34 years 2989 12.9
    35-44 years 2887 12.4
    45-54 years 2892 12.5
    55-64 years 2208 9.5
    Others 8363 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 8457 52.0
    Not Married 7473 45.9
    Defacto Relationship 349 2.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 12643 57.7
    Lebanon 420 1.9
    Malaysia 3380 15.4
    Viet Nam 522 2.4
    Other 1808 8.2
    Others 3153 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 674 3.1
    Christianity 10763 49.3
    Hinduism 226 1.0
    Islam 9032 41.4
    No Religion 990 4.5
    Others 151 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 768 12.9
    $600-$799 661 11.1
    $800-$999 583 9.8
    $1,000-$1,249 601 10.1
    $1,500-$1,999 653 11.0
    Others 2681 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7991 48.9
    Employed, worked full-time 4640 28.4
    Employed, worked part-time 2373 14.5
    Unemployed, looking for work 734 4.5
    Employed, away from work 596 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 833 11.0
    Professionals 1250 16.4
    Technicians & trades workers 1183 15.6
    Clerical & administrative workers 1213 15.9
    Sales 788 10.4
    Others 2339 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 456 7.1
    Infants/Primary 2311 35.8
    Secondary 1975 30.6
    Technical or Further Educational Institution 567 8.8
    University or other Tertiary Institutions 1008 15.6
    Others 143 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16244 73.4
    Semi-detached, row or terrace house, townhouse 4969 22.5
    Flat, unit or apartment 870 3.9
    House or flat attached to a shop, office 47 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2305 35.4
    Fully owned 2162 33.2
    Rented 1981 30.5
    Other tenure type 57 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals