Suburb Profile Report for Greenacre NSW (2190)

Greenacre House: Median price $970,000, Annual capital growth 8.86%, Number of sales 230, Weekly median advertised rent $580

Greenacre Unit: Median price $640,000, Annual capital growth 8.69%, Number of sales 79, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Greenacre have tracked close to the NSW average of 8.12% over the last 12 months.

The five-year average increase in median property values for Greenacre,2190 has given property investors a potential capital gain of 72.60% across each of those five years.

At number 257th of NSW’s most discounted properties, Greenacre is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Greenacre have been waiting around 104.45 days to sell a property.

With the median price for a house in Greenacre being $970000 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 3.11%

With a capital gain of 1.75% for the last 12 months, Greenacre, 2190 has performed for property investments than its average annual 8.69% property growth over the last 5 years.

The five-year average increase in median property values for Greenacre,2190 has given property investors a potential capital gain of 69.54% across each of those five years.

Our latest figures would indicate that property sellers in Greenacre are currently offering property investors an average price cut of -6.13% below the asking price at the moment.

At number 814 in a list of fastest selling suburbs, Greenacre is just in the bottom half of suburbs in Australia with an average of days on market 74.67 for properties listed there.

Advertised rents are around the $480 mark per week – giving a return of 3.90% based on the median price in Suburb

Metrics i HOUSE UNIT
$970,000 $640,000
0.52% -1.16%
8.87% 1.75%
8.86% 8.69%
$580 $480
230 79
3.11% 3.90%
104.45 74.67

Source: CoreLogic

DSR Score for property investment : Above average (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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