Greenwich (postcode 2065) is a mid-sized suburb in New South Wales within the Lane Cove local government area. With a population of 5,469, the suburb has a settled mid-life population with a median age of 42. Households earn a median income of $153K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 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, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Greenwich is $3.8 million, having fallen by 8% over the past year. Units have a median price of $815,000 (-5.2% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Greenwich is served by 1 school, including 1 primary. The average ICSEA score is 1175, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 43 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Lane Cove LGA is low at 1,355 incidents per 100,000 population.
Looking at the investment signals, Greenwich shows a gross rental yield of approximately 1.2%, rated as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.5x is considered stretched. House prices have moved -8.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.