Greenway is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2900). With a population of 4,129, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $97K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are English, Australian, Irish.
Units have a median price of $506,000 (-9.6% YoY). The median weekly rent is $450 (Census 2021). This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,625.
Greenway is served by 1 school, including 1 secondary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Unincorporated ACT LGA is higher than average at 16,760 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.6% (moderate yield). Property prices sit below the state median ($506K/$1.0M), which can point to relative value. The price-to-income ratio of 5.2x is considered affordable. House prices have moved -9.6% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.