Greenwich is a mid-sized suburb in New South Wales within the Lane Cove local government area (postcode 2065). With a population of 5,469, the suburb has an established demographic with a median age of 42. Households earn a median income of $153K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Greenwich is $3.5 million, having dropped significantly 8.9% over the past year. Units have a median price of $2.1 million (+150% YoY). The current median weekly rent is $898. This gives a gross rental yield of approximately 1.3%. 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 1,323 incidents per 100,000 population.
From an investment perspective, Greenwich offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved -8.9% year-on-year.
Greenwich is a mid-sized suburb in New South Wales within the Lane Cove local government area (postcode 2065). With a population of 5,469, the suburb has an established demographic with a median age of 42. Households earn a median income of $153K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Greenwich is $3.5 million, having dropped significantly 8.9% over the past year. Units have a median price of $2.1 million (+150% YoY). The current median weekly rent is $898. This gives a gross rental yield of approximately 1.3%. 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 1,323 incidents per 100,000 population.
From an investment perspective, Greenwich offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved -8.9% year-on-year.