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Greenfield Park, NSW 2176

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Greenfield Park, NSW 2176 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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Rent 

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Yield 

2BR

3BR

4BR

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Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Greenfield Park, NSW 2176”

  1. The total adult population (15 years or older) of Greenfield Park 2176 NSW is 4,416, with a median age of 38. Of those, 50.86% are married, 9.47% are divorced or separated, 34.33% are single and 5.46% are widowed.

    The average household size is 3.5 people per dwelling, and the median household monthly income is estimated to be $5,968. The median monthly mortgage repayment for households in this suburb is $2,000 which is 33.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Greenfield Park 2176 is home to approximately 1540 households. As we dive into the Q3 2023 stats, the typical value of houses in this area is $1,068,896. These houses fetch a median weekly rent of $487, representing an indicative yield of 2.37%. Although this yield marginally falls below the 3% appeal for cashflow-centric property investors, the balance in other fundamental metrics provides assurance.

    Looking at the socio-economic climate, Greenfield Park 2176 records an IRSAD score of 899 out of 1217, which demonstrates a moderately good socio-economic status within the populace. When it comes to the dweller pattern, the renter to owner ratio is evenly balanced at 30%, reducing risks associated with rental competition and encouraging a better neighbourhood profile. Interestingly, units are a rarity in this suburb, considering the units to houses ratio hovers at 0%. This denotes firm possession of property and a larger appeal to families, promising longer tenancy durations and higher rental yields.

    The affordability index for houses in Greenfield Park 2176 suggests it would take an estimated 70 years to fully own a property, taking into account variables like current interest rates, median family income and typical property prices in the area. Despite the fact that the number is well above the 30-years average, it undeniably indicates the residents’ high purchasing power and their ability to afford homes at these price points.

    In terms of supply metrics, this suburb demonstrates favourable trends with a low stock on market Percentage (SoMP) for houses at 0.19% and an inventory level sitting at 1.16 months. With both figures staying below the threshold levels, it showcases that the area is not under threat of a property glut, supporting stable property values. The building approvals Ratio too, measured at 0.45%, suggests modest development activity, catering to the growing suburban population but not encouraging oversupply.

    Demand metrics further solidify Greenfield Park 2176’s status as an attractive investment hotspot. With Houses spending an average of just 24 days on the market, it is clear that demand is high and homes sell relatively fast. The vacancy rate, combining both houses and units, is comfortably positioned at 1.53% — an indication of balanced housing supply and demand, along with favorable opportunities for landlords. The buy search index for houses sits at 3, signifying a moderate expression of purchase interest compared to state or city averages.

    Although it’s important to take note that some metrics might not be in the favourable ranges, the overall market conditions are favourable. It’s also prudent to study the trends depicted by these statistics with the dashboard provided. Ultimately, the Relative Composite Score developed by HtAG Analytics delivers a comprehensive picture by using over 80 different metrics to simplify property market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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