Greenacre is a large suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2190). With a population of 26,314, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $75K per year, with an average household size of 3.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Lebanese, Australian, English.
The median house price in Greenacre is $2.2 million, having surged 37.9% over the past year. Units have a median price of $829,000 (-1.3% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,275.
Greenacre is served by 10 schools, including 6 primary, 4 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 145 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Greenacre offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.0x is considered stretched. House prices have moved +37.9% year-on-year.
Greenacre is a large suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2190). With a population of 26,314, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $75K per year, with an average household size of 3.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Lebanese, Australian, English.
The median house price in Greenacre is $2.2 million, having surged 37.9% over the past year. Units have a median price of $829,000 (-1.3% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,275.
Greenacre is served by 10 schools, including 6 primary, 4 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 145 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Greenacre offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.0x is considered stretched. House prices have moved +37.9% year-on-year.